Answer
${{\$}} 266.08$
Work Step by Step
Apply the Present Value Formulas Theorem
The present value $P$
of $A$ dollars to be received
after $t$ years,
assuming a per annum interest rate $r$
compounded $n$ times per year,
is $P=A\displaystyle \cdot\left(1+\frac{r}{n}\right)^{-nt}$
If the interest is compounded continuously, then $P=Ae^{-rt}$
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Compounding: $n=365$ times per year,
$A=300, t=4, nt=1460, r=0.03.$
$P=300\displaystyle \cdot\left(1+\frac{0.03}{365}\right)^{-1460}\approx{{\$}} 266.08$