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Question 9 (1 point) Assume that houses in an area appreciate at the rate of 4.0 percent a year. A borrower expects to have a

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Question 9 (1 point) Assume that houses in an area appreciate at the rate of 4.0 percent a year. A borrower expects to have a loan-to-value ratio of 75.0 percent. What is the approximate expected appreciation rate on home equity (EAHE)? Express your answer as a percentage and round to 2 decimal places. Your

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