Marc Davis purchased property insurance to cover a large shipment of seasonal merchandise. The annual premium of the policy was $3,570. Two months later, the goods were sold and Marc canceled the policy. What is the short-rate refund of premium? (Use Table 19-5 from your text)

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The Answer of Marc Davis purchased property insurance to cover a large shipment of seasonal merchandise. The annual premium of the policy was $3,570. Two months later, the goods were sold and Marc canceled the policy. What is the short-rate refund of premium? (Use Table 19-5 from your text)

Marc Davis Purchased Property Insurance to Cover a Large Shipment