Answer:
$41,998.58
Step-by-step explanation:
The computation of the account worth after 5 years is shown below:
As we know that
Future value = Present value ×(1+ rate of interest)^number of years
= 42,000 × (1 + 0.07 ÷ 52)^5× 52
= 42,000 × (1 + 0.0013461)^260
= $41,998.58
