Current Attempt in Progress X Your answer is incorrect. Michelle's mother is currently living in a nursing home, and she is worried about the nancial drain of her mother's longterm care costs. She would like to start planning for her own potential future in assisted living. Her quote for longrterm care insurance is $2320 per year until she is eligible for the maximum benets of $285 per day (ination protected) for a Sryear benet period. She is 55 years old and can earn an APY of 3.5%, and the longterm ination rate is 1.7%. lfshe estimates her longterm care needs based on her mother at 85 years old and plans to retire in Arizona, where the current cost of nursing care is $88500, what should she do? Purchase the long-term care policy because it will cover more than the invested value of the annual $2320 over 30 years but not the full 3 years of nursing care. 0 Purchase the long-term care policy because it will cover more than the 3 years of nursing care in Arizona. 0 Invest the $2320 a year instead of purchasing the long-term care policy because it's worth more than the total benet amount. 0 Invest the $2320 a year instead of purchasing the long-term care policy because it will cover more than the 3 years of nursing care in Arizona