Under a cash value policy,the loss of a $600 item with an estimated life of five years that was purchased three years ago and has a replacement cost of $900 would result in a payment from the insurance company of
(a)$600
(b)$900
(c)$240
(d)$360

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The Answer of Under a cash value policy,the loss of a $600 item with an estimated life of five years that was purchased three years ago and has a replacement cost of $900 would result in a payment from the insurance company of
(a)$600
(b)$900
(c)$240
(d)$360

Under a Cash Value Policy,the Loss of a $600 Item