Ruby is 25 and has a good job at a biotechnology company. She currently has $9, 200 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 7 percent, and she plans to leave it untouched until she retires at age 65. Ruby estimates that she will need $875,000 in hertotalretirement nest egg by the time she is 65 in order to have retirement income of 520,000 a year (she expects that Social Security will pay her an additional $15,000 a year). How much will Rub/s IRA be worth when she needs to start withdrawing money from it when she retires? UseExhibit1-A. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) Future value of IRA $__________How much money will she have to accumulate in her company's 401(k) plan over the next 40 years in order to reach her retirement income goal? (Round your answer to the nearest whole dollar.) Required future value of 401 (k) $___________________References eBook &Resources Worksheet