Find the amount paid by each insurance company. Assume that any coinsurance requirement is met.Insurance loss: $32,000Company A coverage: $160,000Company B coverage: $40,000
A. A pays: $25,600
B pays: $6,400
B. A pays: $24,000
B pays: $8,000
C. A pays: $32,000
B pays: $0
D. A pays: $16,000
B pays: $16,000
Answer: A
Mathematics
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