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Find the amount of loss, given the following information: In each of the following cases,...

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Accounting

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Find the amount of loss, given the following information: In each of the following cases, what will the insurer pay on a claim of $14,000? (a) A 20% deductible and a policy limit of $12,000. (b) A 10% deductible and a policy limit of $12,000. (c) A straight deductible of $1,000 and a policy limit of $10,000. (d) A linearly disappearing deductible such that a claim of $5,000 has no loss payment, but a claim of $15,000 is paid in full

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