Business, 27.07.2020 02:01 Loggtech24

There was water damage to personal property in a home. The items damaged were originally priced at $4000. The items lose value by 11% per year. The items were four years
old when they were damaged. The owner had actual cash value coverage with a deductible
of $250.
How much will the insurance company pay the policy holder?

1. $3600

2. $4000

3. $1990

4. $250

Answers: 3

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