Answer:
$87,878.88
Explanation:
Calculation How much do you need to earn this year
Using this formula
PV = FV/ (1 + r )^n
Where,
FV =Future Value=$100,000
PV = Present Value
r = rate of interest=6.5%
n= no of period=3 years
Let plug in the formula
PV = $100,000 / ((1 + 6.5%)^3)
PV = $82,784.91
Therefore the amount you need to earn this year will be $82,784.91