3. You are looking for a new home a. A realtor has told you that there is a terrific Craftsman bungalow in Berkeley for sale for $1.6 million, but you don't think you'll be ready to buy for 10 years. They tell you that by then the house will cost $2.8 million. What rate of annual home inflation did they assume? (hundredths of a percent; show the formula you used) (4 pts\}