Use financial calculator where applicable

A. Consider the loss from fire damage of furniture that cost $6,000 three years ago and has an expected life of ten years. This furniture would cost $9,000 to purchase today. Under a replacement cost policy, how much would the insurance company pay you for this loss? [1 pt.] (Show your calculations) B. If Mr. Pangolin has a $330,000 home insured for $254,000, based on the 80 percent co-insurance provision, how much would the insurance company pay on a $5,000 claim? [3 pts] (Show your calculations). C. Kao and Jessica currently insure their cars with separate companies paying $450 and $375 a year. If they insured both cars with the same company, they would save 10 percent on the annual premiums. What would be the future value of the annual savings over ten years based on an annual interest rate of 4 percent? [3 pts] (Show your calculations)--assume annual compounding