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How to get the formula field checked for the renewable products

Hello All ,
we have a requirement , to send a email notification to the owner 100 days before the contract end date , for the products which are renewable.
So we have created a formula field (Renewable -- checkbox ) as
but im unable to check the Renewable field .How can i add the condition in the workflow rule .How can i do this?Any Suggestion please.

You can't check the formula field as it not editable. 

I think you need to create batcch class to achieve this functionality