Belinda finds a cd with 2.8% apr compounded annually. how much money will belinda invest in this cd if she wants to have a yearly income of $35,000

Belinda will need to use the simple compounding formula to get the yearly income of $3500. 
Present amount = Future amount /(1+interest)^payments
where
Future amount = $35000
interest = 2.8%
payments = 1
Subsitute all the given values, we will get the present amount
Present amount of CD = $34,046.7

C. i possibility the answer to this