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hardy7luver hardy7luver
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A year ago
A homeowner insured a house for $150,000 for one year at a premium rate of $5.00 per thousand. The homeowner canceled the policy during the year. The insurance company has a penalty of 15% for short-rate refunds. Compute the amount of the penalty.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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Hope89Hope89
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A year ago
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