Please answer and show the work

3. In the town of Mayberry, the market value of a home is $285,000. The assessment rate is 40%. What is the assessed value? Assessed value 4. Sports Haven has an assessed value of $200,000 and an inventory valued at $65,000. The store is insured for $175,000 and the inventory is insured for $45,000. Both the store and the inventory have 80% coinsurance clauses. Water damage causes a loss of $72,000 on the building and destroys 50% of the inventory. Find the amount of loss paid by the insurance company. Amount of loss 5. Gunderson's Hardware paid $7,618.40 last year in property taxes. Find the fair market value of the property if the tax rate is $2.10 per $100 and the assessment rate is 60% of fair market value. 6. Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. With a median home price of $125,000 and property taxes at 27.27 mills, how much does the average homeowner pay in property taxes? (Round your answer to the nearest cent.) Average homeowner pays