You just bought a $950,000 house in Inland Empire. You financed your purchase with a loan....
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You just bought a $950,000 house in Inland Empire. You financed your purchase with a loan. Assume that houses in Inland Empire increase at the rate of 4.80 percent a year. Your downpayment rate at the time of house purchase was 32 percent. (a) The expected appreciation rate on home price next year equals [Select] [Select] . [Select] + [Select] Use "0" for any blanks.) (b) The expected rate of appreciation on your home equity next year equals # [Select] * percent. (Round to two decimal places. You just bought a $950,000 house in Inland Empire. You financed your purchase with a loan. Assume that houses in Inland Empire increase at the rate of 4.80 percent a year. Your downpayment rate at the time of house purchase was 32 percent. (a) The expected appreciation rate on home price next year equals [Select] [Select] . [Select] + [Select] Use "0" for any blanks.) (b) The expected rate of appreciation on your home equity next year equals # [Select] * percent. (Round to two decimal places.
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Answer rating: 100% (QA)
To find the expected appreciation rate on the home price for next year we can use the information you provided Here are the key details The current va... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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