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 companys 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?

Points: 1

1. $1,365,554

2. $1,370,436

3. $1,374,681

4. $1,361,560

5. $1,355,876