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Suppose That at the Time of a $40,000 Loss, Your

Question 41

Multiple Choice

Suppose that at the time of a $40,000 loss, your home has a replacement value of $200,000.And suppose you have $140,000 worth of insurance on it.Calculate the amount that you would receive from the insurer.


A) $35,000
B) $40,000
C) $20,000
D) $17,500
E) $30,000

Correct Answer:

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