Math Your friend owns a home that has a value of $180,000. Her insurance policy has an

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Math Your friend owns a home that has a value of $180,000. Her insurance policy has an 80 percent coinsurance clause. She has the property insured for $140,000. Later that year, a tree falls on her house during a storm, causing damages of $25,000. Compute the reimbursement that she will be able to collect.

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Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

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