Answer
${{\$}} 59.14 $
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 $P=Ae^{-rt}$
---
Compounding: $n=4$ times per year,
$A=75, t=3, nt=12, r=0.08.$
$P=75\displaystyle \cdot\left(1+\frac{0.08}{4}\right)^{-12}\approx{{\$}} 59.14 $