Which of the following transactions would best use the present value of an ordinary annuity of 1 table?

		Fernetti, Inc. rents a truck for 5 years with annual rental payments of $20,000 to be made at the beginning of each year.
		Edmiston Co. rents a warehouse for 7 years with annual rental payments of $120,000 to be made at the end of each year.
		Durant, Inc. borrows $20,000 and has agreed to pay back the principal plus interest in three years.
		Babbitt, Inc. wants to deposit a lump sum to accumulate $50,000 for the construction of a new parking lot in 4 years.