Suppose you have the alternative of receiving either $26,000 at the end of five years or P dollars today. Currently, you have no need for money, so you could deposit the P dollars in a bank that pays 3% interest. What value of P would make you indifferent in your choice between P dollars today and the promise of $26,000 at the end of five years? Click the icon to view the interest factors for discrete compounding when i=3% per year. The value of P that would make you indifferent in your choice is $. (Round to the nearest dollar.)