Question: 1. Ambra is age 50 and single. She is concerned ab... Bookmark 1. Ambra is age 50 and single. She is concerned about funding long-term care insurance costs in the future. Based on family history, she has determined the following. she will likely need long-term care coverage beginning at age 78 she will need coverage for six years long-term care costs in her area are currently $72,000 per year; long-term care costs are increasing by 5% annually; she can earn 7% on her savings and assets: she currently earns $98,000 per year; and she has saved $75,000 that she is willing to earmark for long-term care costs. Use this information to answer the following questions: c. how long will Ambra's long-term care savings last when she enters a nursing facility? d. Assume that Ambrsa has other property valued at $250,000. If she is willing to use this asset to help pay for long-term care costs, does she need long-term care insurance at this time?