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Akiko owns a house and last week suffered some damage to her house. Specifically, a portion of her home was damaged by a fire and the damage to the structure and her personal property expected to have a replacement cost of $5,000 . The same Items had original cost of $1,500 when she'd bought them seven years ago, had an estimated useful of 10 years. After calling her insurance agent, Akiko was reminded that she carries full insurance on, or 80% of the replacement cost value of, the house. However, to save $60 per year in her premium. she'd only covered her possessions for their actual cash value. Given this information, Akiko expect to receive only _

First Blank Choices: $3,000 / $1,500 / $5,000 / $3,500

Second Blank Choices: $5,000 / $3,500 / $3,000 / $1,500

Akiko's Story : Actual Cash Value vs. Replacement Cost Coverage Akiko owns a house in and last week suffered some damage to her house. Specifically, a portion of her home was damaged by a fire and the damage to the structure and her personal property is expected to have a replacement cost of $5,000. The same items, which had an original cost of $1,500 when she'd bought them seven years ago, had an estimated useful life of ten years. After calling her insurance agent, Akiko was reminded that she carries full insurance on, or 80% of the replacement cost value of the house. However, to save $60 per year in her premium, she'd only covered her possessions for their actual cash value. Given this information, Akiko can expect to receive only In compensation for her loss. In contrast, if she had carried replacement cost, instead of actual cash, coverage, then she would have received

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