You plan to deposit $3000 per year into your IRA account starting next year. You assume you will receive 8% interest on the account and plan on increasing your payment by 3% per year as your salary increases. How much money will you have in the IRA account in 20 years?

A) $60,000

B) $120,000

C) $137,285.89

D) $171,290.75

E) $192,542.09