Question 8 (1 point) You hope to buy your dream house 5 years from now. Today, your dream house costs $700,000. You expect housing prices to rise by an average of 10% per year over the next 5 years. How much will your dream house cost by the time you are ready to buy it? $1,292,063.48 $1,294,882.01 $998,600.00 $1,307,965.40 $1,127,357.00 None of the above Question 9 (1 point) You invest $1,000 in an account paying 5% simple interest. You do not add nor withdraw any funds from this account. Every year, your account balance will: Remain constant. Increase at an increasing rate. Increase at a constant rate. Increase by a constant amount. None of the above