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Determine the refund to TJ

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Problem 1: T.J. bought fire insurance for his pizza shop for $200,000 at an annual rate per $100 of $.49. At the end of 10 months, T.J. canceled the policy since his pizza shop went out of business. Determine the refund to T.J.

A. $186.20

B. $127.40

C. $980

D. $852.60

Reference no: EM132832248

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