How much will he have to pay

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Johann maintains a $75,000 insurance policy on his boat. He pays $50 per month in premiums and his deductible is $2,500. If he is involved in an accident that does $2,000 worth of damage to the boat, how much will he have to pay?

Reference no: EM131121496

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How much will he have to pay : If he is involved in an accident that does $2,000 worth of damage to the boat, how much will he have to pay?

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