Answer
$\$ 266.08$
Work Step by Step
Recall:
Present Value Formula
$$P=A \left(1+\dfrac{r}{n} \right)^{-n t}$$
where
$A:$ Amount to be recieved after $t$ years
$P:$ Present value
$r:$ Annual interest rate
$n:$ Number of compoundings per year
$t:$ Number of years
The given problem has:
$A = \$ 300, r=0.03, t = 4$
$\text{Compounded daily} \to n = 365$
Thus, using the given values and the formula above gives:
$P=300\left(1+\dfrac{0.03}{365} \right)^{-365 \times 4}$
$P \approx \$ 266.08$
