________ decisions deal with complex problems with broad and long-term ramifications for an organization

Probate costs are associated with the validation of your will and the transfer of your estate

Indicate whether the statement is true or false

Your parents have an investment portfolio of $400,000, and they wish to take out cash flows of $50,000 per year as an ordinary annuity

How long will their portfolio last if the portfolio is invested at an annual rate of 4.50%? Use a calculator to determine your answer. A) 8.00 years B) 9.10 years C) 9.60 years D) 10.14 years