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Stop-Loss Provision. Pete's health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness, and he has a stop-loss provision

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Stop-Loss Provision. Pete's health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness, and he has a stop-loss provision of $48,392 in his policy. If Pete incurs expenses of $74,900, how much would he owe? Pete would owe (Round to the nearest dollar.)

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