1)     Neil and Sandra each borrowed from their Registered...

1)     Neil and Sandra each borrowed from their Registered Retirement Savings Plan (RRSP) under the Home Buyer's Plan (HBP) for the down payment on the purchase of their first home. If Neil and Sandra withdrew the maximum that is permitted under the HBP program, and have a conventional mortgage (minimum required), what is the value of the home that they are looking to purchase?

a)     $250,000

b)     $275,000

c)     $125,000

d)     $100,000

e)     $150,000