Two insurance companies gave the following quotations on premiums for essentially the same long-term disability insurance coverage for a 25-year-old. East Coast Insurance Co. quoted monthly premiums of $54.83 from ages 26 to 30 inclusive, and $78.17 from ages 31 to 64 inclusive. The monthly premiums from Provincial Insurance Co. are “flat” at $69.35 from ages 26 to 64 inclusive. All premiums are paid at the beginning of each month. The insurance broker recommended the Provincial coverage because the aggregate lifetime premiums up to the client’s 65th birthday are $32,455.80 versus $35,183.16 for the East Coast policy. Is the choice that simple? Calculate and compare the economic value on the client’s 26th birthday of each policy’s stream of premiums assuming money can earn 9% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) East Coast Insurance Co. $ Provincial Insurance Co. $