The insurance carrier used by Pinnacle Computer Systems specifies 65% coinsurance. The company recently incurred $410,000 in damages from flooding. The building was valued at $635,000, but was only insured for $330,000. What amount will be paid by the insurance company for the loss? (Round your answer to the nearest cent.) A. $266,500.00 B. $327,801.33     C. $507,692.31 D. $635,000.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The insurance carrier used by Pinnacle Computer Systems specifies 65% coinsurance. The company recently incurred $410,000 in damages from flooding. The building was valued at $635,000, but was only insured for $330,000. What amount will be paid by the insurance company for the loss? (Round your answer to the nearest cent.)
A. $266,500.00
B. $327,801.33   
 C. $507,692.31
D. $635,000.00
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