A rare diamond, valued at $3,750, is gaining value at a rate of 4% each year. The value of a diamond, v, can be found using the equation v=p(1+r)t where p is the original value of the diamond, r is the rate, and t is the number of years the diamond gains value. How much will the diamond be worth in 6 years?

$4,743.75

$4,744.95

$4,762.50

$4,875.00