Solve the Problem $5 \%$ A Year Compounded Annually, What Will It Cost in 8

Solve the problem.
-If inflation is $5 \%$ a year compounded annually, what will it cost in 8 years to buy a house currently valued at $\$ 75,000$ ?

A) $\$ 91,380.22$
B) $\$ 105,532.53$
C) $\$ 116,349.62$
D) $\$ 110,809.16$