John has 50/250/25 car insurance.  Last week he caused a car accident that damaged the following:: Al's car = $2000 damage Bob's car = $6000 damage Charlie's car = $5000 damage Telephone pole = $4000 damage Guard rail = $5000 damage Based on John's insurance, how much will the insurance company have to pay for the damage

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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John has 50/250/25 car insurance.  Last week he caused a car accident that damaged the following::

Al's car = $2000 damage

Bob's car = $6000 damage

Charlie's car = $5000 damage

Telephone pole = $4000 damage

Guard rail = $5000 damage

Based on John's insurance, how much will the insurance company have to pay for the damage?

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