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1. Two homeowners have policies on a house with a market value of $100,000. Policy A has a premium that is 20% less than the

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1. Two homeowners have policies on a house with a market value of $100,000. Policy A has a premium that is 20% less than the premium of policy B. Policy A has a deductible that is twice as much as the deductible of policy B. If the house is destroyed, the profit for A is $98,600, and for B is $99,000. Find the premium and deductible for A. Ignore interest

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