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Kurt Simmons has 60/110/20 auto insurance coverage. One evening, he lost control of his vehicle,...

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Accounting

Kurt Simmons has 60/110/20 auto insurance coverage. One evening, he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $6,800, and damage to the store was $18,320.

a. What amount will the insurance company pay for the damages?

b. What amount will Kurt have to pay?

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