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Joan's Hardware Shop has a $40,000 replacement value and is insured for $30,000. Assuming an 80% coinsurance clause, what would the insurance company pay if
Joan's Hardware Shop has a $40,000 replacement value and is insured for $30,000. Assuming an 80% coinsurance clause, what would the insurance company pay if a fire caused $20,000 of damage to the shop? (Enter your answer as a whole dollar amount.)
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