Problem 18-7 Calculating an IRA Accumuletion [LO18-5] Janine is 35 and has a good job at a biotechnology company Janine estimates that the will need $943,000 in her fotalretirement nest egg by the time she is 65 in order to have retirement income of $28.000 a yeat. (She expects thot Social Securily will pay her an additional $22,500 a year) She currently has $2,000in an IRA. an important part of her retirement nest ego She believes her IRA will grow at an annual rate of 13 percent, and she plans to leave it untouched untit she retires at age 65 . How moch money will Janine have to accumulate in her company's 401(k) plan over the next 30 years in order to reach her retirement income goal? Use (Exhibit 1.A Exhibyt 18, Exhibit 16 Exhbilid Note: Use oppropriote factor(b) from the tables provided. Round time value factor to 3 decimol ploces. Round intermediate ond finol answer to 2 decimol ploces. Exhibit 1-A Futrete Value (Compoundod Sum) of S1 after a Grvea Number of Time Petiods Exhibit 1-B Future Walue (Compoubded Sum) of S1 Paid In at the d of Each Period for a Given Namber er Time Periods (an Anouity) Exhibit 1-C Present Value of S1 to Be Received at the End of a Given Number of time Perrods Exhibit 1-D Present Value of S1 Received at the End of Each Period for a Given Number of Tune Periods (an Annuity)