Mathematics, 25.08.2020 23:01, onlymyworld27

After he bought a new car, Nelson purchased car insurance. He must pay $75 each month for the plan. Later that month, Nelson caused a car accident when he lost control of his vehicle. He was required to pay the first $500 of his repair costs, and then the insurance company covered the rest. Read the passage about Nelson’s car insurance.

What is the $75 payment Nelson must make each month?

premium
co-payment
deductible
payout

Answers: 1

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After he bought a new car, Nelson purchased car insurance. He must pay $75 each month for the plan....