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On Chapter 10, analysis of insurance contract 3.docx ,regarding to question 3 , section b. why is Tom getting $50,000 rather than $32,000? Besides that,

On Chapter 10, analysis of insurance contract 3.docx ,regarding to question 3 , section b.

why is Tom getting $50,000 rather than $32,000?

Besides that, why is using this formula and what it means for the value of $32,000

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