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You own a house along a river that floods severely and destroys the house once every 20 years. If your house is worth $210k,

You own a house along a river that floods severely and destroys the house once every 20 years. If your house You also have the option to build a seawall to lower the odds of your house being destroyed by a flood. If 

You own a house along a river that floods severely and destroys the house once every 20 years. If your house is worth $210k, what would be your annual insurance premium in dollars? You also have the option to build a seawall to lower the odds of your house being destroyed by a flood. If the seawall makes the likelihood of the destructive flood become once every 80 years, what should be your insurance premium?

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