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Deepa's television was stolen while she was on vacation. She has actual cash value insurance. She purchased the television for $1,400 two years ago. A
Deepa's television was stolen while she was on vacation. She has actual cash value insurance. She purchased the television for $1,400 two years ago. A similar television today would cost $1,200. The insurance adjuster told her that televisions depreciate at about 10% per year. What is the actual cash value of her television? $960 $1,160 $1,200 $1,400
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