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GoodMad_ GoodMad_
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7 years ago
John Biner's roof was totally ruined by a fire. The insurance company estimates that the cost of building a new roof is $10,000. It also estimates that roofs like this are expected to last 20 years. The existing roof had been in place for five years. Given this information, the actual cash value of the damage is
A) $10,000.
B) $500.
C) $7,500.
D) $2,500.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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GoodMad_ Author
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#2
7 years ago
I'll mark it solved, you deserve it
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