PV Question

[xzcvb33]

Hi, Here is my scenario

Lets say someone paid me $1000 today to complete a task for them. Upon completion, 3 years from the day they will start receiving payments of $1500 per year for 10 years. Is there a way to figure out what the 10 years worth of payments is worth today? Would I just discount the pmts of $1500 back to what they would be worth today?

Thanks

 

[tkhunny]

-You may have it, but there are better ways than doing such things one payment at a time. Are you familiar with such methods?