You are considering buying a baseball signed by all of the 1927 New York Yankees. Knowing something about the market for sports memorabilia, you are convinced that in exactly one years time, you will be able to sell the ball for $2,500.

If you dont buy the ball, youll simply put your money in a savings account for the year at 3% interest.

What is the most you should pay for the ball today? Round your answer to the nearest dollar. Show your calculations