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A homeowner insured a house for $ 1 5 0 , 0 0 0 for one year at a premium rate of $ 7 5
A homeowner insured a house for $ for one year at a premium rate of $ The homeowner canceled the policy during the year. The insurance company has a penalty of for shortrate refunds. Compute the amount of the penalty.
A homeowner insured a house for $ for one year at a premium rate of $ The homeowner canceled the policy during the year. The insurance company has a penalty of for shortrate refunds. Compute the amount of the penalty.
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