D 1 pts Question 1 A student wants to receive (withdraw) $500 every month for 4 years during his college time. Find the amount of money that must be present in the account that earns annual interest rate of 3% in order for this student to achieve his plans. $22,589.35 $24,000 None of these $25465.60 $23,280 1 pts Question 2 A person needs $13,000 in 9 months for the down payment on his house. How much money should he deposit monthly into an ordinary annuity at the annual interest rate of 6%? $1,734.42 O $1.444 44 $1,480.80 None of these $1.415.80 D Question 4 1 pts A student inherits $50,000. How much money can this person withdraw every quarter for 7 years, if that inheritance was deposited into an account that earns annual interest rate of 5%? $1,50243 $1.875.00 None of these $1,785.71 $2.127.43 > Question 5 1 pts John wants to make monthly deposits into an ordinary annuity. He wants to have $10,000 in the account to buy a used car for his college years in 4 years, and the annuity has the annual interest rate of 5%. What are his monthly deposits should be to this account? Classify this problem only, Annuity that decays given Pfind R Annuity that grows: given R, find A Annuity that decays: given R. find P None of these Annuity that grows: given A find R