Standard insurance is developing a long-life insurance policy for people who outlive their retirement nest egg. the policy will pay out $250,000 on your eighty-fifth birthday. you must buy the policy on your sixty-fifth birthday. the insurance company can earn 7% on the purchase price of your policy. what is the minimum purchase price the insurance company should charge for this policy?
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Home » Business » Standard insurance is developing a long-life insurance policy for people who outlive their retirement nest egg. the policy will pay out $250,000 on your eighty-fifth birthday. you must buy the policy on your sixty-fifth birthday.