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If Carissa Dalton has a $360,000 home insured for $280,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on
If Carissa Dalton has a $360,000 home insured for $280,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a claim of $15,000? Assume there is no deductible. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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