bradenmcmurry60 bradenmcmurry60

20-10-2022
Mathematics

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A renter has $5000 worth of insurance coverage on his belongings. With a $200 deductible, the annual premium is $120 ($10 a month). If she elects to increase the deductible to $300, the annual premium will be reduced by 20%. What would be her monthly premium if she takes the higher deductible?

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