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rolpace88 rolpace88
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8 years ago
A home with a replacement value of $318,000 is insured in a policy that contains an 80% coinsurance clause. The face value of the policy is $286,000. If a fire causes damage valued at $3500, find the amount of compensation to the owner by the insurance company.
A) $3938
B) $2800
C) $3111
D) $3500
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
Read 385 times
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MillionMillion
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#1
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8 years ago
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rolpace88 Author
wrote...
#2
8 years ago
Got my quiz back, you were right Slight Smile
wrote...
#3
8 years ago
Great, please mark the topic solved!
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