Hi, I need some help with the following problem. Please let me know if I'm on the right track:

A student knows that she will need $3,500.00 five years from now. She must decide between Bank A, which offers 7% compounded weeekly, and Bank B which offers 6% compounded continuosly. Which Bank should she use?

Bank A variables:

Future value = 3,500

Annual rate = 0.07

m = 52.177 weeks in 1 year

t = 5 years

Is this correct so far? So we know everything except for present value P.

3500 = P(1+0.07/52.177)^(52.177*5)

Present value = $2466.99 is this correct?

Bank B:

Future value = 3500

Annual rate = 0.06

t = 5 years

Once again we have to solve for Present value using the Exponential function e correct?

A = Pe^rt

3500=Pe^0.3

3500=P(1.349859)

Present value = $2592.86 is this correct?

And the answer would be Bank A... Please let me know if i made any sense thank you!