PRINTER VERSION BACK NEXT Question 14 x Your answer is incorrect. Try again. Jason Allen is 30 years and wants to retire when he is 65. So far he has saved (1) $6,960 in an IRA account in which his money is earning 8.3 percent annually and (2) $4,310 in a money market account in which he is earning 5.25 percent annually. Jason wants to have $1 million when he retires. Starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 9.34 percent annually. How much will Jason have to invest every year to achieve his savings goal? (Round answer to 2 decimal places, e.g. 15.25.) Jason will have to save 4056.20 Click if you would like to Show Work for this question: Open Show Work VIDEO: SIMILAR PROBLEM SUBMIT ANSWER Question Attempts: 1 of 2 used SAVE FOR LATER