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Sue had bronchitis and had to go to the hospital. The episode cost her $500. Her insurance policy has the following provisions: $500 deductible, 80/20 coinsurance, and an $850 annual premium. Answer the following question. Sue had another incident during the same year that cost her $2050. How much was Sue's portion of this bill? a)410 b)2050 c)500 d)1640

Sue had bronchitis and had to go to the hospital. The episode cost her $500. Her insurance policy has the following provisions: $500 deductible, 80/20 coinsurance, and an $850 annual premium. Answer the following question. Sue had another incident during the same year that cost her $2050. How much was Sue's portion of this bill? a)410 b)2050 c)500 d)1640

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Sue had bronchitis and had to go to the hospital. The episode cost her $500. Her insurance policy has the following provisions: $500 deductible, 80/20 coinsurance, and an $850 annual premium. Answer the following question. Sue had another incident during the same year that cost her $2050. How much was Sue's portion of this bill? a)410 b)2050 c)500 d)1640
Transcribed Image Text:Sue had bronchitis and had to go to the hospital. The episode cost her $500. Her insurance policy has the following provisions: $500 deductible, 80/20 coinsurance, and an $850 annual premium. Answer the following question. Sue had another incident during the same year that cost her $2050. How much was Sue's portion of this bill? a)410 b)2050 c)500 d)1640
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