(CHAPTER 7) You just bought a $900,000 house in Inland Empire. You financed your purchas with a loan. Assume that houses in Inland Empire increase at the rate of 5.30 percent a year. Your downpayment rate at the time of house purchase was 40 percent. (a) The expected appreciation rate on home price next year equals percent. (Round to two decimal places. Use "0" for any blanks.) (b) The expected rate of appreciation on your home equity next year equals # (c) TRUE OR FALSE? The lower the loan-to-value ratio, the higher the rate of appreciation on your home equity next year. This statement is (CHAPTER 7) You just bought a $900,000 house in Inland Empire. You financed your purchas with a loan. Assume that houses in Inland Empire increase at the rate of 5.30 percent a year. Your downpayment rate at the time of house purchase was 40 percent. (a) The expected appreciation rate on home price next year equals percent. (Round to two decimal places. Use "0" for any blanks.) (b) The expected rate of appreciation on your home equity next year equals # (c) TRUE OR FALSE? The lower the loan-to-value ratio, the higher the rate of appreciation on your home equity next year. This statement is