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What amount will the insurance company pay

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Reference no: EM132812381

Problem 1: Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $306 two years ago and has an expected life of six years. A comparable microwave costs $419 today. What amount will the insurance company pay?

Multiple Choice

Option 1: $102
Option 2: $153
Option 3: $419
Option 4: $362
Option 5: $204

Reference no: EM132812381

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