Question: Calculate the payment based on the average clause in this question. Your house is valued at $10,000,000, however, you opted to insure it for $7,000,000.

Calculate the payment based on the average clause in this question. Your house is valued at $10,000,000, however, you opted to insure it for $7,000,000. If you suffer damages to your property valuing $5,000,000, how much will the insurance company refund you?

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