Hello I tried to do the problem below, and I'm not sure where my calculations went wrong or my method was incorrect. I would like some assistance.
An annuity pays 1000.00 weekly for 4 years and then 4300.00 weekly for the next 8 years. Determine the discounted value if the interest rate is j52=4.2%.
I tried both (1+(0.042/52)^(+-52*8) since I wasn't sure what symbol would be there and it didn't work.
Thanks for reading