Question: Dina just started working for Telus and has become eligible to participate in their retirement plan where she contributes 8% of her gross salary on

  1. Dina just started working for Telus and has become eligible to participate in their retirement plan where she contributes 8% of her gross salary on the 1st of each month. Telus matches her contributions dollar for dollar in this plan. The plan averages an annual return of 6% interest compounded semi-monthly. Dina is 23 years old and plans to retire at age 60. What is the total amount that she will have when she retires? Dina's gross annual salary is $84,000.
  2. $1,898,765
  3. $1,726,744
  4. $1,839,612
  5. $1,804,893
  6. $1,722,925

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