An Excel Spreadsheet Is Being Used to Track Insurance Payments

question 45

Essay

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 amount of loss insurance will pay in Row 15?

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Definitions:

Utopia

Describes an imagined community or society that possesses highly desirable or nearly perfect qualities for its citizens.

Linguistic Reference

The act of referring to something within the realms of language and communication, involving symbols or words to represent real-world objects or ideas.

Contextual

Relating to, depending on, or influenced by the context or surroundings in which something exists or occurs.

Bildungsroman

A genre of novel that focuses on the psychological and moral growth of the protagonist from youth to adulthood.