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The property of Delgesh's Garage is worth $90,000. Delgesh has a fire insurance policy of $40,000 ...

imomo

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The property of Delgesh's Garage is worth $90,000. Delgesh has a fire insurance policy of $40,000 ...

The property of Delgesh's Garage is worth $90,000. Delgesh has a fire insurance policy of $40,000 that contains an 80% coinsurance clause. On a fire that causes $60,000 of damage, the insurance company pays:

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$27,777.78

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$27,777.87

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$33,333.33

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$33,330.00

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None of the answer choices are correct.

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 70 times

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Quiera730

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More solutions for this book are available here

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imomo Author

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9 months ago

This helped my grade so much Perfect

gma_of_7

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Thank you, thank you, thank you!

shelbycox

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2 hours ago

Correct

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