Q3) You currently owe $2,677 to your credit card that charges an annual interest rate of 20.00%. You make $157 of new charges every month and make a payment of $205 every month. What will your credit card balance be in three months? Q4) You would like to retire in 31 years. The expected rate of inflation is 01.00% per year. You currently have a standard of living that requires $5,542 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