Solve the problem.Pelican Lumber Company owns a building with a replacement cost of $738,000 which is insured for $531,360 with an 80% coinsurance clause. The building has a fire loss of $20,500. How much will the insurance company pay?

A. $14,760
B. $20,500
C. $22,140
D. $18,450


Answer: D

Mathematics

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