Tammy wants to buy a car that costs $10,000 and wishes to know the amount of the monthly payments, which will be made at the first of the month, with interest of 12% on the unpaid balance.

What table should she use?

a. Present value of $1,

b. Present value of an ordinary annuity,

c. present value of an annuity due, or

d. future value of an annuity due