Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increasing by 5 percent annually. She also is willing to assume a six year LTC need. How much does Haley need on her first day of care to fully fund LTC costs if she goes into a nursing care facility at age 73? Assume that she currently has $50,000 saved for future costs, can earn 8 percent on savings (before taxes), and that she is in a 24 percent combined state and federal marginal income tax bracket.

	a.	$700,752
	b.	$709,721
	c.	$872,049
	d.	$881,018