Hi can you guys explain the manual as well as financial calculator solution?

15) What is the present value of $300 received at the beginning of each year for five years? Assume that the first payment is not received until the beginning of the third year (thus the last payment is received at the beginning of the seventh year). Use a 10% discount rate, and round your answer to the nearest $10 haDAHON 310 A) $1,030 B) $1,100 C) $900 D) $1,200