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An Excel spreadsheet is being used to track insurance payments for homeowners insurance with a coinsurance clause. The following are the column headings: A is Replacement Value of the Building, B is Face Value of the Policy, C is Coinsurance Clause Percent, D is Amount of Insurance Required, E is Amount of Loss, F is Percent of Loss Insurance Will Pay, and G is Amount of Loss Insurance Will Pay.
What is the formula to determine the percent of loss insurance will pay in Row 15?
New Business
A venture that has been recently established, entering its initial operational stage in the marketplace.
Valuation
The process of determining the present value of an asset or a company based on earnings, market value, or other methods.
Tangible Assets
Physical assets that have value and exist in a physical form, such as machinery, buildings, and inventory.
Family Business
A commercial organization in which decision-making is influenced by multiple generations of a family who are often tied by blood or marriage.
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