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22. Tom's home would cost $200,000 to rebuild if it were destroyed. Insurance on the home is currently $120,000 with a $500 deductible. If a

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22. Tom's home would cost $200,000 to rebuild if it were destroyed. Insurance on the home is currently $120,000 with a $500 deductible. If a kitchen fire causes $30,000 of damage and Tom files a claim, how much will the insurance company pay? A. $500 B. $22,000 C. $29,500 D. $30,000

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