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Alfred Lost His 3-Year-Old Camera

Question 41

Multiple Choice

Alfred lost his 3-year-old camera.It cost him $200 three years ago and had a life expectancy of 6 years.Alfred has actual cash value insurance on this camera,which means his insurance company will issue him a check for ________ for his loss.A new camera costs $150.


A) $75
B) $150
C) $200
D) none of the above

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