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.
+37146 24000 ( 1+ .01)^ 30 .01 is the interst pr compounding period (2 months) 30 = number of 2 month periods
