What is the present value of an investment that will pay you $97,000 in four years. assume the appropriate discount rate is 7.75 percent compounded daily?

Total = Principal * (1 + (rate/n))^n*years
where "n" is the number of compounding periods per year (in this case it is 365)
Total = 97,000 * (1.0002123288)^365*4
Total = 97,000 * (1.0002123288)^1,460
=132,247.89

Source: Compound Interest Formulas:
http://www.1728.org/compint3.htm

X=3 and y=4 is the answer