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Malik incurred a medical bill of $2,800. His health insurance plan has a $500 deductible and a coinsurance percentage of 80%. Malik will be responsible

Malik incurred a medical bill of $2,800. His health insurance plan has a $500 deductible and a coinsurance percentage of 80%. Malik will be responsible for what amount of this bill?

A) $2,740 B) $2,240 C) $960 D) $500

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