Find the amount paid by each insurance company. Assume that any coinsurance requirement is met.Insurance loss: $16,000Company A coverage: $80,000Company B coverage: $20,000
A. A pays: $16,000
B pays: $0
B. A pays: $12,800
B pays: $3200
C. A pays: $8000
B pays: $8000
D. A pays: $12,000
B pays: $4000
Answer: B
Mathematics
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