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Can you help with the following annuity exercice related to the present value? Please, provide a step by step solution for better understanding (Step 1,

Can you help with the following annuity exercice related to the present value? Please, provide a step by step solution for better understanding (Step 1, Step 2, Step 3, Etc.,) NO NOTEBOOK.

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An annuity pays $ 15,000 per year. Due to inflation, each year a dollar is worth what $0.970 was worth the previous year. Payment is made at the beginning of each year. What is the present value of the annuity if it is paid over three years (starting immediately)

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