Essay
INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-George and Nancy have actual cash value (ACV)coverage on their personal property.When a 5-year old TV is stolen,they learn its replacement value is $1,500 and the expected life of such a TV is 7 years.How much will their insurance company pay for the TV?
Correct Answer:
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$1,500/7 years = $214 annual d...View Answer
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Correct Answer:
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