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Business, 09.02.2021 01:50 Joshua10687

You own a house worth $400,000 that is located on a river. If the river floods moderately, the house will be com-pletely destroyed. Moderate flooding happens about once every 50 years. If you build a seawall, the river would have to flood heavily to destroy your house, and such heavy flooding happens only about once every 200 years. What would be the annual premium for a flood insurance policy that offers full insurance

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You own a house worth $400,000 that is located on a river. If the river floods moderately, the house...
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