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21. James has obtained house insurance of $250,000 for his house, which has a market value of $600,000. There was partial damage to the house

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21. James has obtained house insurance of $250,000 for his house, which has a market value of $600,000. There was partial damage to the house during a period of bad weather, which was estimated to be $90,000. How much would James expect to receive from the insurance claim? a) $37,500 b) $46,875 c) $90,000 d) $35,200

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