Seven years ago, Henri bought a house valued at $249 500.00. Determine the current value of his house if it appreciated at an average rate of 8.00% per year. (2 marks) Kira purchases a sofa for $1015.87 (taxes included). The department store offers her a promotion of 0% interest with no payments for one year. If Kira does not pay the amount in full within one year, interest will be charged from the date of purchase at an annual rate of 28.80%, compounded monthly. a) If Kira does not make any payments, what will the department store bill her one year after the date of purchase? Show your work. (2 marks) b) State a different compounding period such that the overall cost of the sofa is lower than if the annual interest rate were compounded monthly. (1 mark)