Suppose you are offered the alternative of receiving either $3000 at the end of five years or P dollars today. There is no question that the $3,000 will be paid in full (no risk). Because you have no current need for the money, you would deposit the P dollars in an account that pays 8% interest. What value of P would make you indifferent to your choice between P dollars today and the promise of $3000 at the end of five years?