Jeron invests $75 per month, at the beginning of each month, at 5 percent interest compounded weekly. How long, in years, will it take him to accumulate $5000? (N)

P/Y = 12, C/Y = 52, N = ?, I/Y = 5, PV = 0, PMT = -75, FV = 5000

It will take 58.72 periods, or 4.89 years, for Jeron to accumulate $5000.

How did they get this? Show step by step with formula