restrate the contracte d On December 1, 2017, Richards Company sold some machinery to Fleming Company The two companies entered into an installment sales contract at a predetermined four equal annual payments with the first payment due on December 2017, the date of the sale. What time value of money concept is appropriate for this situation a Present value of an annuity due of 1 for four periods Present value of an ordinary annuity of 1 for four periods b. e Future amount of 1 for four periods Future amount of an annuity of 1 for four periods d