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Suppose that at the time of a $40,000 loss, your home has a replacement value of $200,000. And suppose you have $140,000 worth of insurance

Suppose that at the time of a $40,000 loss, your home has a replacement value of $200,000. And suppose you have $140,000 worth of insurance on it. Calculate the amount that you would receive from the insurer. (remember the 80% co-insurance requirement for full coverage).

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