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

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