Jing Associates, LLC, a large law firm in Denver, is building a new office complex. To pay for the construction, Jing Associates is selling a security that will pay the investor the lump sum of $6,750 in five years. The current market price of the security is $5,896. Assuming that you can earn an annual return of 3.75% on your next most attractive investment, how much is the security worth to you today?
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