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1. How much would the insurance reimbursement be for a television system damaged by fire if it was purchased 2 years ago for $6,000 and has a life expectancy of 5 years?

2. A storm causes $25,000 in damages to a house that is insured for $180,000; the replacement value of the house is estimated at $250,000. The policy requires a $1,500 deductible.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92061640

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