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$2,000 cash flows are repeating annually for a few years. The interest rate is 8% annually. This is an annuity! There are four different ways

$2,000 cash flows are repeating annually for a few years. The interest rate is 8% annually. This is an annuity! There are four different ways its value can be calculated: 1. Future value of an annuity due 2. Future value of an ordinary annuity 3. Present value of an annuity due 4. Present value of an ordinary annuity

From these four, the second highest one is [ Select ]

and the second lowest one is

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