Stan's TV initially cost $4,000 when he purchased it four years ago. It, along with several other items, was recently stolen. Ignoring deductibles, and assuming his personal property is covered on an actual cash value basis, how much will he be paid if the TV has depreciated by 60% and a similar TV would cost $3,200 to purchase today? Enter number as a whole number (round to the nearest decimal) and do not include any symbols

Answer rating: 100% (QA)

If the TV has depreciated by 60 it is now worth 40 of it... View the full answer