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Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle,...

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Finance

Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.

  1. What amount will the insurance company pay for the damages?
  2. What amount will your friend have to pay?

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