Michelle Smith, owner of Mountain Gear Inc., would like to save for her retirement. She is currently 35 years old and she plans to make bi-weekly deposits of $500 for the next 15 years. She believes that she will earn 5.2% compounded bi-weekly on her savings. When she is 50 she will deposit all of her savings into a high-interest account, with an APR of 15% compounded monthly, for the next 20 years until she is 70. How much will Michelle have saved for her retirement by the time she retires at age 70? (8 points)