You currently owe $3,286 to your credit card that charges an annual interest rate of 21%. You make $161 of new charges every month and make a payment of $158 every month. What will your credit card balance be in three months? Question 5 2 pts You would like to retire in 14 years. The expected rate of inflation is 3% per year. You currently have a standard of living that requires $7,503 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? Question 6 2 pts You purchases a house for $335,252. 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 6%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment