Q2) You currently have $4,151 in a retirement savings account that eams an annual retum of 12.00%. You want to retire in 45 years with $1,000,000 How much more do you need to save at the end of every year to reach your retirement goal? Q3) You currently owe $4,050 to your credit card that charges an annual interest rate of 21.00%. You make $171 of new charges every month and make a payment of $248 every month. What will your credit card balance be in three months? Q4) You would like to retire in 10 years. The expected rate of inflation is 02.00% per year. You currently have a standard of living that requires $8,506 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement? Q5) You purchases a house for $486,681. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 08.00%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment