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Finance

Problem:

Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle hitting a parked car and damaging a storefront along the street. Damage to the parked car was $6,300, and damage to the store was $15,820.

Required:

Question: What amount will the insurance company pay for the damages? What amount will Kurt have to pay?

Note: Please show the work not just the answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163274

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