On June 1, 2020, Pharoah Company sold some equipment to Flounder Company. The two companies entered into an installment sales contract at a rate of 4%. The contract required 5 equal annual payments with the first payment due on June 1, 2020. What type of compound interest table is appropriate for this situation? Present value of an ordinary annuity of 1 table Future amount of an ordinary annuity of 1 table. Future amount of 1 table Present value of an annuity due of 1 table