(CHAPTER 7) For the calculations in this problem, increase decimal places for any intermediate calculations to say, or higher. The more the better if you can do the math in Excel with correct referencing to cells with intermediate results - even better because Excel by default doesn't round anything Given You are considering the purchase of a property today for $350,000. You plan to finance it with an 80 percent loan. The appreciation rate on the property value in the next four years is expected to be 3, 2, 1 and 0%, respectively, Expected home price in the next four years will equal dollars. (Fill out the table below. Do not use the "s" symbol. Round to the nearest dollar. E.... 100.000.) in 1 year in 2 years in 4 years Expected rate of appreciation in home equity (EAHE) in the next four years will equal Fill out the table below. Do not use the symbol. Round to 2 decimal places. E.g., if you got 12.34%, put 12.34. If the value is negative, don't forget to put a minus sign in front of your answer!) in 1 year in 2 years in 3 years in 4 years Over the next four years, the arithmetic average LAHE equals percent. (Do not use the "W" symbol. Round to 2 decimal places. E.g. If you got 12.34*, put 12.4.) Over the next four years, the geometric average EAHE equal percent. (Do not use the " symbol. Round to 2 decimal places. Ls. If you got 12.34%, put 12.34) if you plan to buy and own a house for multiple years, which of these two averages (arithmetic or geometrich is more accurate in describing the year-by-year growth in your personal money? Your answer: (Put one word.)