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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 75
Find the annual fire insurance premium for the following. Use the table on page.
A fourplex is valued at $220,000. The fire insurance policy (with an 80% coinsurance clause) has a face value of $150,000. If the building has a fire loss of $50,000, find the amount of the loss that the insurance company will pay.
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A fourplex is valued at $220,000. The fire insurance policy (with an 80% coinsurance clause) has a face value of $150,000. If the building has a fire loss of $50,000, find the amount of the loss that the insurance company will pay.
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Explanation
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Recall the formula, Finding Am...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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