Edward purchased his home for $89,000. For the first three years after he moved in, the real estate market was very lively, so his property value grew by 4.8% every year. For the next five years, the market slowed down somewhat, and his property value grew by 2.6% every year. How much had the value of Edward’s home increased after eight years, to the nearest hundred dollars?a.$25,700b.$27,500c.$30,000d.$13,200