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Janine is 35 and has a good job at a biotechnology company Janine estimates that she will need $899,000 in her total retirement nest egg

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Janine is 35 and has a good job at a biotechnology company Janine estimates that she will need $899,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $27,500 a year. (She expects that Social Security will pay her an additionat $17,000 a year) She currently has $4,000 in an IRA, an important pant of her retirement nest egg. She believes her IRA will grow at an annual wate of 9 percent, and she plans to leave it untouched until she retires at age 65 . How much wil Janine's IRA be places and onswer to 2 decimal places.) Exhibit 1.A future value (compounded sum) of $1 after a given number of time periods

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