Cash-value coverage and replacement cost coverage

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Reference no: EM131915010

How much would a homeowner receive with actual? cash-value coverage and replacement cost coverage for a? three-year old sofa destroyed by a? fire? The sofa would cost $1,220 to replace? today, whereas it cost ?$1,097 three years? ago, and it has an estimated life of six years.

Question - With actual? cash-value coverage, the amount the owner would receive for the sofa would be ?$ (Round to the nearest? dollar.)

Reference no: EM131915010

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