Jackie is considering retiring in 31 years. She wants to know how much money it will take when she retires to provide the same standard of living that $78,000 per year provides today. Jackie expects inflation to be 3.0% per year. How much money will she need in 31 years, accounting for inflation, to equal the $78,000?

Group of answer choices

$78,000

$195,006

$80,340

$122,988