You are considering buying a rare Ming vase. Knowing something about the market for East Asian art, you are convinced that in exactly one years time, Ming-era ceramics will be especially popular, and you will be able to sell the vase for $10,000.

If you dont buy the vase, youll simply put your money in a savings account for the year at 5% interest.

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