In the best NBA 2k game edition, NBA 2K16, Frequency Vibrations (named Freq for short), was a shining star in Deerfield Beach High School's men's basketball team, winning the Bronx championship. Because of his talent, Freq was drafted to play for the Florida Gators. As part of Freq's drafting contract, for the first year UF agrees to pay Freq $2 Million USD, which increases at a uniform rate of 8% per year. Using 5% as the starting interest rate, calculate the present worth of the contract during the first 3 years.

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