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On January 1, Sam prepaid $1,200 towards insurance for one year. After half a year, he cancelled the insurance policy and received a refund for

On January 1, Sam prepaid $1,200 towards insurance for one year. After half a year, he cancelled the insurance policy and received a refund for the remaining balance. By how much did Sam's net worth change from January to June?

Select one:

a.Net worth decreased by $1,200

b.Net worth decreased by $600

c.Net worth increased by $600

d.Net worth did not change

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