Question 33:
Lauren has just become eligible to participate in her company's retirement plan; she is excited as her retirement plan offers an 8% interest compounded weekly. Lauren is 25 years old and plans to retire at age 60. She receives her pay at the end of each month and will contribute 6% of her gross monthly salary of $3,000 into her retirement plan. How much will she have in her retirement plan when she retires?
$829,972
$998,765
$971,216
$825,798
$735,608