You can buy property today for $$3$ million and sell it in $5$ years for $$3\mathrm{.}5$ million. $($Assuming you earn no rental income on the property$).$ If the interest rate is $6\mathrm{.}5\%,$ what is the present value of the sales price $5$ years from now?

$($Round up to the nearest dollar$)$

$$2,551,694$

$$2,554,583$

$$3,517,934$

$$3,445,823$