You would like to retire in 10 years. The expected rate of inflation is 5% per year. You currently have a standard of living that requires $5,624 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 $394,130. 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 4%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment