Answer:
2/3 or 2 to 3
Step-by-step explanation:
Good luck!
S = P[1 + (r / m)]^(m * t)
S = ?
P = 6000 euro
r = 0.07
m = 12
t = 5
S = 6000[1 + (0.07 / 12)]^(12 * 5)
S = 6000(1.00583)^(60)
S = 6000(1.4176...)
<span>S = 8505.75 euro
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You can now do the rest which is anually and quarterly.</span>
The answer would be 8*2. Or 8 and the exponent would be 2.
