5) You want to purchase a condo for $250,000. You have $50,000 to put down and you will take out a 20 year mortgage at 4% interest. What is your monthly mortgage payment? 6) After taking a finance course, you are serious about developing a MONTHLY plan to save and invest. You are 22 years old and want to retire at 62 years old with 1.5 million dollars. How much do you have to save on a monthly basis of your interest rate is steady at 7%? 7) Jenny has a $5000 balance on her credit card in February that charges 18% interest annually. What would Jenny's interest charge be on her balance? What is Jenny's new credit balance in March