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Jackie is considering retiring in 31 years. She wants to know how much money it will...

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

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