Question 7 (0.5 points) How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $875 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. 8 Your Answer: Answer Question 8 (0.5 points) Your car insurance company provides a 25% discount for good students (who maintain a B average or above). If your annual premium without discounts is $1180 per year. How much money all your good grades save you on your car insurance this year? Your Answers