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Janine is 48 and has a good job ot a biotechnology company. Janine estimates that she will need $943,000 in her rota/ retirement nest. egg

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Janine is 48 and has a good job ot a biotechnology company. Janine estimates that she will need $943,000 in her rota/ retirement nest. egg by the time she is 65 in order to have retirement income of $27000 a year (She expects that Soctal Security wilt poy ther ain. additional \$19,500 a year) She currently has \$6,000 in an IRA, an important port of her rectrement nest egg, She believes her IRA will. grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65 . How much will Janine's IRA be Worth when she needs to start withdrawing money from it when she retires? Use (Extaibici.A. Exhibit 1.B, Exhibit 1.C. Exhibit 1-Dy. Note: Use appropriate foctor(s) from the tables provided, Round time value foctor to 3 decimol ploces and answer to 2 decimal. pleces

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