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What set of weekly paychecks, received at the end of each week , is equivalent to receiving $25,000 at the end of the year if
What set of weekly paychecks, received at the end of each week, is equivalent to receiving $25,000 at the end of the year if your discount rate is 6.3% per year? Each paycheck should be for the same nominal amount before discounting. Use the weekly rate you found when the weekly interest rate (rate per week, compounded weekly) is equivalent to an annual rate of 6.3% (rate per year, compounded annually), assuming exactly 52 weeks per year? = 87.051576085 ? weekly interest rate per year
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