Your home insurance settles claims using the replacement value method for personal property losses. A microwave is
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Question:
Your home insurance settles claims using the replacement value method for personal property losses. A microwave is stolen. Two years ago. it cost $150 and had an expected life of 7 years. A comparable microwave costs $290 today. What amount will the Insurance company pay?
a. $150
b. $358
c. $247
d. $140
e. $290
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date: