U MX Ema Yahoo YouTube STAR Pearson eText BoTTop Hat ECON 225 Connect Bcore 330 exel My #5 Sud Help Janine is 25 and has a good job at a biotechnology company. Janine estimates that she will need $896,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $29,000 a year. (She expects that Social Security will pay her an additional $20,500 a year) She currently has $6,000 in an IRA an important part of her retirement nest egg. She belleves her IRA will grow at an annual rate of 7 percent, and she plans to leave it untouched until she retires at age 65. How much money wil Janine have to accumulate in her company's 401(k) plan over the next 40 years in order to reach her retirement income goal? Use Exhibit 1A (Round time value factor to 3 decimal places. Round Intermediate and final answer to 2 decimal places.) 4010x) accumulation