-/5 Points] DETAILS TANAPMATH7 4.1.052. MY NOTES ASK YOUR TEACHER Today, a typical family of four spends $680/month for food. If inflation occurs at the rate of 3%/year over the next 4 years, how much should the typical family of four expect to spend for food 4 years from now? (Round your answer to the nearest cent.) $ per month -/5 Points] DETAILS TANAPMATH7 4.2.019.EP. MY NOTES ASK YOUR TEACHER Karen has been depositing $130 at the end of each month in a tax-free retirement account since she was 24. Matt, who is the same age as Karen, started depositing $230 at the end of each month in a tax-free retirement account when he was 35. Assume that both accounts have been and will be earning interest at the rate of 5%/year compounded monthly. How much (in dollars) will each have in their retirement account at the age of 65? (Round your answers to the nearest cent.) Karen Matt $ Who will end up with the larger retirement account at the age of 65? Karen Matt