Please help answer all 3 questions

1. Johnnys house is valued at $545,500 and insured for $275,000. If the fire insurance policy contained a coinsurance clause of 68%, how much would be paid by the insurance company in the event of a $75,000 fire?

Group of answer choices

$56,254.30

$57,140.03

$54,876.52

$55,601.98

2.Ye Olde Booke Shoppe owns a building valued at $1,560,000 and has insurance for $1,000,000. Their insurance policy stipulates coinsurance of 85%. If a broken water main causes $380,000 in damage, how much would the insurance company pay on the claim? (Round to the nearest cent)

Group of answer choices

$1,560,000

$286,558

$1,326,000

$380,000

3. Tracy Evans purchased a $30,000 whole life insurance policy when she was 20 years old. She is now 35 years old. What is her "reduced paid-up insurance" nonforfeiture amount?

Group of answer choices

$9,420

$4,920

$4,710

$30