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Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year from theft, collisions, and so on. If 30% of
Research indicates that the 1,000,000 cars in your city experience unrecoverable losses of $250,000,000 per year from theft, collisions, and so on. If 30% of pre- miums are used to cover expenses, what premium must be charged to car owners?
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