Find the amount of premium retained by the company and the amount of refund to the insured using proration.As a result of a recent claim, Joshua's Meat Market has had their fire insurance policy canceled after 9 months. Their annual premium is $1343.
A. $1119.17, $223.83
B. $895.33, $447.67
C. $1007.25, $335.75
D. $999.75, $343.25
Answer: C
Mathematics
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