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 P, find R O Annuity that grows: given R, find A O Annuity that decays: given R, find P O None of these O Annuity that grows: given A, fnd R

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