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OpenStudy (anonymous):
Rudy has been paying an annual homeowner's insurance premium of $1,106.30 (37 cents per $100 of value) since he first purchased his house. For the past six months, Rudy has completed some major improvements to his house to improve overall value. If Rudy adds $50,000 to the value of his house, what will be his new annual homeowners insurance premium? I need to know how to do it, not the answer.
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