)		On May 1, 2020, Goldberg Company sold some machinery to Newlin Company on an installment contract basis. The contract required fi ve equal annual payments, with the first payment due on May 1, 2020. What present value concept is appropriate for this situation?		Present value of an ordinary annuityFuture value of an ordinary annuityPresent value of 1 Present value of an annuity dueFuture value of 1Future value of an annuity due
(b)		On June 1, 2020, Seymour Inc. purchased a new machine that it does not have to pay for until June 1, 2022. The total payment on June 1, 2022, will include both principal and interest. Assuming interest at a 12% rate, the cost of the machine would be the total payment multiplied by what time value of money concept?		Present value of an annuity duePresent value of 1 Future value of 1Future value of an ordinary annuityFuture value of an annuity duePresent value of an ordinary annuity
(c)		Costner Inc. wishes to know how much money it will have available in 5 years if five equal amounts of $35,000 are invested, with the first amount invested immediately. What interest table is appropriate for this situation?		Present value of 1 Future value of an annuity dueFuture value of an ordinary annuityPresent value of an ordinary annuityPresent value of an annuity dueFuture value of 1
(d)		Megan Hoff man invests in a jumbo $200,000, 3-year certificate of deposit at First Wisconsin Bank. What table would be used to determine the amount accumulated at the end of 3 years?