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Greg has a traditional health insurance plan with a 250

1. Greg has a traditional health insurance plan with a $250 deductible, 80/20 coinsurance, and a $6000 out-of-pocket limit. His total health care bill is $8,760. How much of this bill will he end up paying?

2. There is a 1 in 750 chance your house will burn down at a cost of $300,000. If the house is 75 years old and if the interest rate on your mortgage is 8%, what is the expected loss for your house?

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