Ou have a car insurance policy with a $400 dollar deductible provision (per claim) for collisions. The premium (annual fixed cost) for your insurance policy is $350. During a two-year period, you file

Ou have a car insurance policy with a $400 dollar deductible provision (per claim) for collisions.

The premium (annual fixed cost) for your insurance policy is $350.

During a two-year period, you file two claims for $300 and $1050.

How much money* will you pay if you go without insurance for these two years?

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