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6. What would be the price of fair insurance for a $20,000 motor home for one year, assuming that during that year there is a

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6. What would be the price of fair insurance for a $20,000 motor home for one year, assuming that during that year there is a 0.02% chance that it will be destroyed in an accident, leaving a $3000 salvage value and no chance of any partial loss? Assume that the owner keeps the salvage value

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