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An investment of $24,000 is made in a government bond that will pay 1% bi-monthly interest (meaning that the investment will increase by 1% every two months). At the end of five years, what is the total number of dollars in this investment? Express your answer to the nearest whole number.

 Aug 3, 2020
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24000  ( 1+ .01)^ 30             .01 is the interst pr compounding period (2 months)     30 = number of 2 month periods

 Aug 3, 2020
edited by ElectricPavlov  Aug 3, 2020

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