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Question 18 (3 points) Your friend Angela purchased a top-of-the line stereo system for her...

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Question 18 (3 points) Your friend Angela purchased a top-of-the line stereo system for her home in 2019 for $17,500. At the time, it was estimated to have an 8-year lifespan. Fast forward to 2021 and she has been enjoying the sweet sounds of this stereo system for 2 years now in her rented basement apartment. Last night, disaster struck. A water line broke and flooded her apartment, leaving the stereo under water and completely ruined. Angela had tenants' insurance that pays claims according to the cash value method with a $500 deductible. How much money will Angela receive from the insurance company when she makes a claim for her stereo? Show your work for full marks

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