First Financial Auto Loan Department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11% auto loan. To determine this amount, First Financial would A. Multiply $10,500 by the present value of 1. B. Divide $10,500 by the present value of an annuity due of 1. C. Divide $10,500 by the future value of an ordinary annuity of 1. D. Multiply $10,500 by the present value of an ordinary annuity of 1.