Assume you have a$$ $$500,000$ insurance policy on your building. A fire damages the building beyond repair. Your monthly payments are$$ $$500.$ The insurance company tells you that in order to receive the$$ $$500,000$ for your$$ loss, you must pay$$ $$5,000.$ What amount is the$$ deductible?

Question content area bottom

Part $1$

A$.$

$$$$505,000$

B$.$

$$$$495,000$

C$.$

$$$$500$

D$.$

$$$$5,000$

E$.$

$$$$500,000$