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1) David owns a building with a replacement cost of $300,000. She purchases $150,000 of coverage under a property insurance policy that includes an...

1)    David owns a building with a replacement cost of $300,000. She purchases $150,000 of coverage under a property insurance policy that includes an 80 percent coinsurance requirement. If a $50,000 insured loss occurs, how much will David collect from her insurer, assuming a $0 deductible?

a.     31,250

b.     50,000

c.     25,000

d.     30,000


2)    Ignoring taxes how much would you have to save annually starting today to accumulate $5 million at the end of 40 years if you earn eight percent per annum?

a.     19,301

b.     17,781

c.     125,000

d.     29,302

e.     17,048


I need instructions how to under these please. thank you!

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