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The Insurance Premium on a Building Is 0

Question 77

Multiple Choice

The insurance premium on a building is 0.05% of the face value. The face value is 75% of the building's market value. The insurance premium is $1650. What is the face value of the policy?


A) $2,475,000
B) $33,000
C) $3,300,000
D) $4,400,000
E) $44,000

Correct Answer:

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