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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 replacement cost is
A) $10,000.
B) $2,500.
C) $7,500.
D) $500.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
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bzapianbzapian
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