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8. If the annual rate of return is 5 percent, is $95 today worth more than, less than, or the same as $100 a year

8. If the annual rate of return is 5 percent, is $95 today worth more than, less than, or the same as $100 a year from now? Show the formula and formula results you used to answer this question. PLEASE PROVIDE AN EXCEL FORMULA

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