You expect to receive $$100,000$ in five years. Assume that the appropriate discount rate is $11\%.$

a$.$ What is the present value of that present value, discounted back to year $0?$

b$.$ What is the present value of the $$100,000$ cash flow in year $5,$ discounted back to year $0?$

c$.$ How should the answer in question $2.$b compare with the answer in question $2.$a$?$ Explain!

$($Use the Excel Formula to show them$)$