You currently owe $3,695 to your credit card that charges an annual interest rate of 20%. You make $188 of new charges every month and make a payment of $227 every month. What will your credit card balance be in three months? Question 5 2 pts You would like to retire in 28 years. The expected rate of inflation is 2% per year. You currently have a standard of living that requires $9,821 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 $471,743. 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 5%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment