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Ricky purchased a home in 2009 for 300k. He incurs a loss of 75k in...

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Finance

Ricky purchased a home in 2009 for 300k. He incurs a loss of 75k in fire damage. The actual cash value of his home is 290k and the replacement cost is 325k. He has a policy for 290k with a 1k deductible. How much will his insurer pay for this loss

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