Please explain which table is used and why

(i) (Click the icon to view additional information.) Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary_Annuity table Present Value of an Annuity Due table Read the requirements. Requirement b. Prepare the amortization table for the note payable through year 3. (Round your final answers to the nearest whole dollar.) Requirement c. Record the interest expense for the first 2 years. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the interest expense for year 1. More info Record the interest expense for year 2 . Harper issued a 5\%, 8-year, $620,000 note payable to Cranmore to pay for the machine. If Harper were required to borrow at a commercial bank to finance the acquisition, it would have incurred the current market rate of 10%. Assume that all transactions occurred at the beginning of the current fiscal year (January 1). Interest is paid at the end of each year