I need to know the equation for figuring out this problem. A person wants to have $25,000 5 years from now. How much should be put into an account now if the account pays 4.75% compounded weekly?

Question

anonymous · Answer

$$C_F=C_0 \times (1+r/100)^n$$
CF=Future Value
C0=Present Value
r=interest of the period
n=number of periods

Please, appreciate if you could give me the telephone of that bank asap

anonymous · Answer

its just a problem from a book. thank you

anonymous · Answer

It was a joke

anonymous · Answer

got ya. sorry. been up since 2 am and didn't catch it.