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Alan owns a 2011 BMW, which he paid $44,000 for. He has comprehensive and collision insurance on the car with a $500 deductible. This year, Alan has had a series of unfortunate incidents. Someone threw a can of pears at his car in April, which hit some chrome and caused $470 worth of damage. He hit a deer in June, which only knocked out his headlight, but that still cost $819 to repair. Then some darn teenager spray painted a "piece" sign on the trunk, and while Alan is a pacifist, he was angry that the miscreant had misspelled "peace" and had the car repainted, which cost $1,186. He turned all three claims to his insurance company. How much would he receive from insurance?

Financial Management, Finance

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