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%%%%%%% If the homeowner's policy covers 80% of the replacement...

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Accounting

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If the homeowner's policy covers 80% of the replacement cost and the actual cash value of the loss is $18,000, what would be the amount of recovery if the repair costs amount to $32,000?
Actual cash value: $18,000
Repair costs: $32,000
Coverage percentage: 80%
Replacement cost: ?
Amount of recovery: ?

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