Presant value. Standard insurance is developing a long the insurance policy for people who outlive their retirement nest egs. The policy will pay oul $340,000 on your 82 nd birthday. You must buy the policy on your 60 th bithday. The insurance company can eam 8.5% on the purchase price of your polcy. What is the minimum purchase price the insurance company should charge for this. posters What is the minimum purchase price the insulance compary should chage for this potcy? (Round to the nearest cent.)