Use the following information for questions $8-9.$

Irene will be reciring in fifteen years and would like to buy a Mexican villa. The villa costs $$500,000$ today, and housing prices in Mexico are expected to increase by $6\%$ per year.

$8.$ What will the price of the villa be in fifteen years?

A$)$ $$1,198,279\mathrm{.}10$

B$)$ $$208,632\mathrm{.}53$

C$)$ $$11,637,984\mathrm{.}94$

D$)$ $$4,856,124\mathrm{.}49$