A recent graduate, age 23, currently has $12,000 saved in her IRA, will make a $5,000 contribution into her IRA by the end of this year and each year thereafter for the next 42 years of her career. Assume she will earn 7% per year each year on her investments. Based on this information, her future IRA account balance at age 65 rounded to the nearest dollar is equal to 1) $1,153,161 2) $1,200,000 3) $1,300,000 4) $1,358,892