Janine is 2 5 and has a good job at a biotechnology company. Janine estimates that she
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Question:
Janine is and has a good job at a biotechnology company. Janine estimates that she will need $ in her total retirement nest egg by the time she is in order to have retirement income of $ a year. She expects that Social Security will pay her an additional $ a year. She currently has $ in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of percent, and she plans to leave it untouched until she retires at age How much money will Janine have to accumulate in her companys k plan over the next years in order to reach her retirement income goal? Use Exhibit A Exhibit B Exhibit C Exhibit DNote: Use appropriate factors from the tables provided. Round time value factor to decimal places. Round intermediate and final answer to decimal places.
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