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24 Michelle just graduated from Concordia and started her new job working as a Software Developer for Amazon as a remote employee from Montreal. One
24 Michelle just graduated from Concordia and started her new job working as a Software Developer for Amazon as a remote employee from Montreal. One of the benefits offered is to participate in the company's retirement plan. Even though Michelle is a long way off of retirement, she knows that this is an awesome benefit as Amazon matches her contributions dollar for dollar. The plan averages a return of 8% compounded weekly. Michelle is 23 years old and plans to work until age 60. If she contributes $250 at the beginning of each month, with her employer doing the same, how much will she have in her retirement plan at retirement? A $1,370,436 B $1,365,554 C $1,374,681 D $1,355,876 E $1,361,560
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