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

To find the future value of an investment compounded monthly, we use the compound interest formula: where:- is the amount of money accumulated after n years, including interest.- is the principal amount (initial investment), which is \ is the annual interest rate (decimal), so 7.5% becomes 0.075.- is the number of times that interest is compounded per year, which is 12 for monthly compounding.- is the time in years, which is 11.Plugging in the values: Now calculate: So, the value of the investment after 11 years is approximately \$57,990.