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Consider your house or your parents house is 45 years old Assume that the house has a useful life of 75 years; what is the
- Consider your house or your parents house is 45 years old
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- Assume that the house has a useful life of 75 years; what is the percentage of depreciation?
- If it would cost $100,000 to rebuild the house today, what is the Actual Cash Value of the house?
- A drunk driver ran a red light and smashed into Josies car. The cost to repair the car is $8,000. She is unable to collect from the drunk driver. She has collision insurance on her car with a $500 deductible.
- Explain how the principle of subrogation would be relevant in this case.
- Explain how subrogation supports the principle of indemnity.
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Finance A Quantitative Introduction Volume 2
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128027975, 978-0128027974
