The U.S. Treasury announced it will offer a new security to investors, and you have been asked to estimate its worth. The security will make a total of 10 payments of $500, and the payment will occur three-years apart. The first payment will be made two years from today at t=2 (and the second at t=5, third at t=8, and so on). What price should you recommend as a fair price today if investors require a 10% annual rate of return?