5. Find the value of 25,000 invested at 7.5% for 11 years if it is compounded monthly Eqn __ Ans __ 6. Find the value of 25,000 invested for 11 years if it is compounded continuously at 7.5% Eqn __ Ans __

5. To find the value of where:- is the amount of money accumulated after n years, including interest.- is the principal amount (the initial amount of money).- is the annual interest rate (decimal).- is the number of times that interest is compounded per year.- is the time the money is invested for in years.Given:- - - (since it is compounded monthly)- Plugging in the values: So, the value of $25,000 invested at 7.5% for 11 years compounded monthly is approximately 25,000 invested for 11 years compounded continuously, we can use the formula for continuous compounding: where:- is the amount of money accumulated after n years, including interest.- is the principal amount (the initial amount of money).- is the annual interest rate (decimal).- is the time the money is invested for in years.- is the base of the natural logarithm, approximately equal to 2.71828.Given:- - - Plugging in the values: So, the value of 57,175.