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A manufacturing firm incurred the following insured losses, in the order given, during the current policy year. How much would the companys insurer pay for
A manufacturing firm incurred the following insured losses, in the order given, during the current policy year. How much would the companys insurer pay for each loss if the policy contained $1,000 straight deductible?? (3 marks) (SHOW YOUR WORK)
Loss | Amount of Loss |
A | $ 2,500 |
B | 3,500 |
C | 10,000 |
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