The Estradas Are Planning to Buy a House 2 Year(s)

question 34

Multiple Choice

The Estradas are planning to buy a house 2 year(s) from now. Housing experts in their area have estimated that the cost of a home will increase at a rate of 9% / year during that 2-year period. If this economic prediction holds true, how much can they expect to pay for a house that currently costs $90,000? Round your answer to two decimal places. ​

• A) $106,929.00
• B) $107,326.67
• C) $107,749.56
• D) $107,677.22

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Definitions:

Proteins

Large, complex molecules made of amino acids that perform a vast array of functions in living organisms, including structural, enzymatic, and regulatory roles.

Polysaccharide

Polymer made from carbohydrate monomers; the polysaccharides starch and glycogen are polymers of glucose monomers.

Cellulose

A complex carbohydrate or polysaccharide consisting of glucose units, forming the primary structural component of plant cell walls.

Plant Cell Walls

Rigid outer layers surrounding plant cells, made primarily of cellulose, providing structure, support, and protection.