The Estradas Are Planning to Buy a House 4 Year(s)

question 19

Multiple Choice

The Estradas are planning to buy a house 4 year(s) from now. Housing experts in their area have estimated that the cost of a home will increase at a rate of 8% / year during that 4-year period. If this economic prediction holds true, how much can they expect to pay for a house that currently costs $40,000? Round your answer to two decimal places.

• A) $54,742.76
• B) $54,419.56
• C) $55,026.64
• D) $55,085.11

---

Definitions:

Insomnia

A sleep disorder characterized by difficulty falling or staying asleep, by waking too early, or by sleep that is light, restless, or of poor quality.

Dopamine

A type of neurotransmitter associated with pleasure, movement, and the brain's reward system.

Serotonin

A neurotransmitter that plays a key role in mood regulation, appetite, and sleep.

GABA

Gamma-aminobutyric acid, a neurotransmitter in the brain that is involved in inhibiting excitatory processes and is associated with reducing anxiety.