Steven and Donna have been married for 35 years. Both are in great health, but they feel it is time that they start planning for their future health reeds. Steven is 60 years old, and Donna is 61 years old. They have been approached by a long-term care insurance salesperson who is offering the following insurance product: - Annual maximum benefit: 567,200 or 800 of annual cost, whichever is less: - Dally maximum benefit: $187 or 80% of daily cost, whichever is less. - Billing cycles 360 days. - Premium for policy with 180 -day elimination period: $3,248. - Premium for policy with 90 day elimination period: $3,696. - Premium for policy with 30 -day elimination period: $4,256. Steveri and Donna are interested in possibly purchasing one of these policies, Use the following information to help them analyze which policy may be the best alternative. - The current annual cost of a good nursing care facility in their area is \$91,440. - They have $28,000 saved in a money market savings account, $11,200 in a 1 -rear CD, and $13,440 in EE savings bonds. If they do not buy a lone-term care insurance policy and avwurning that the arimal cost of services remains stable at 591.440 per vear, how much will they need to save over the neat 12 years, earninga 710 annual rate of return, in order to cover 100 . of the cost of wursint home care if Steven recelwes 3 yoars of cervice? (Round answer to 9 decimal places, 63.5,125 ) They need tasaves