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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 9
La Belle Beauty Supply had property valued at $750,000 and insured for $600,000. The fire insurance policy contained an 80% coinsurance clause. One evening an electrical short circuit caused a $153,000 fire. How much of the damages will be paid by the insurance company
Explanation
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First determine the amount of insurance ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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