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

Your home insurance settles claims using the replacement value method for

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? $150 $358 $247 $140 $290

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