SOLUTION: Hi $5200 at 16%p.a for 3 years compounded fortnightly. Calculate the total amount at the end of the stated period. thanks

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Question 1092162: Hi
$5200 at 16%p.a for 3 years compounded fortnightly. Calculate the total amount at the end of the stated period.
thanks
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Fortnightly? What bank does that?
.
.
N=26%2A3=78
r=0.16%2F26=2%2F325
So,
F=P%281%2Br%29%5EN
F=5200%281%2B2%2F325%29%5E78
Work that out for your answer.