Find the amount to be paid by the insurance company. Assume the policy includes an 80% coinsurance clause. Round to the nearest dollar.Replacement Cost of Building: $822,000Face Value of Policy: $534,300Amount of Loss: $118,000
A. $95,875.00
B. $118,000.00
C. $47,937.50
D. $76,700.00
Answer: A
Mathematics
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