Petes health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness,

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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 $35,000 in his policy. If Pete incurs expenses of $60,000, how much would he owe?

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Personal Finance

ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

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Question Posted: Jan 02, 2023 02:47 AM

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Petes health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness,

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Pete would owe 18000 Petes stopl...View the full answer

Personal Finance

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