Ingrid won $5,000,000 in the state lottery. She will receive payments at the end of each month over the next 30 years. She will receive 7% interest on unpaid amounts. To determine the amount of her monthly check, she should use a table for the:

Multiple Choice

• present value of an annuity due of $1.

• future value of an ordinary annuity of $1.

• present value of an ordinary annuity of $1.

• future value of an annuity due of $1.