Question: Jay Jacob has cash value coverage for his personal property on his homeowners policy. The camera cost $3,000 eight years ago had a life expectancy

Jay Jacob has cash value coverage for his personal property on his homeowners policy. The camera cost $3,000 eight years ago had a life expectancy of 10 years. The camera of Jay Jacob was stolen, and a new one will cost him $1,800. How much will the insurance company pay. (show calculations)

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