Solve the problem.Mark Stephens owns rental units with a replacement cost of $408,000 which are insured for $281,520 with an 80% coinsurance clause. There is a fire loss of $20,100. How much will the insurance company pay?

A. $20,804
B. $20,100
C. $17,336
D. $13,869


Answer: C

Mathematics

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What will be an ideal response?

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