You Hope to Buy Your Dream House Six Years from Now

question 126

Multiple Choice

You hope to buy your dream house six years from now. Today your dream house costs $189,900. You expect housing prices to rise by an average of 4.5% per year over the next six years. How much will your dream house cost by the time you are ready to buy it?

• A) $240,284.08
• B) $246,019.67
• C) $246,396.67
• D) $246,831.94
• E) $247,299.20

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Definitions:

Downsizes

The act of reducing the number of workers in a company as a cost-saving measure or because of restructuring needs.

Core Self-Evaluations

A personality trait which reflects an individual's fundamental assessments about themselves, their abilities, and their control over their environment.

Negative Affectivities

Emotional states or attitudes characterized by negativity, including feelings of distress, dissatisfaction, and pessimism.

Bottom-Line Views

Perspectives typically focused on financial outcomes, emphasizing profits, costs, and overall economic performance.