A health insurance policy pays 85 percent of physical, Financial Management

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A health insurance policy pays 85 percent of physical

A health insurance policy pays 85 percent of physical therapy costs after a $200 deductible. In contrast, an HMO charges $20 per visit for physical therapy. How much would a person save with the HMO if he or she had 10 physical therapy sessions costing $50 each? Assume the person has no other medical expenses. (Do not round intermediate calculations.)

Amount of savings:

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