You are considering the purchase of a property today for $385.000 You plan to finance t with an 80 percent loan The appreciation rate on the property value is expected to be 4 percent annually for the next three yeark Required: a. Approximate the expected annual average rate of appreciation on nome equfy for the next three yoars b. What if you now thinic that a $385.000 purchase price may be somewhat high and that if you pay this price, the expected appreciotion rates in your house price will be as follows year 1=0%, year 2.3%, and year 3.24 Approximate the expected anntial average rate of appreciation on home equity for the next three years. Complete this question by entering your answers in the tabs below. Approximate the expected annual average rate of appreciation on home equity for the next three years: You are considering the purchase of a property today for 5385,000 . You plan to finance it with an 80 percent loan. The oppreciation rate on the property value is expected to be 4 percent annually for the next three years. Required: a. Appraximate the expected annual average rate of appreciation on home equiry for the next three years. b. What if you now think that a $3.85,000 purchase price may be somewhat high and that if you pay this price, the expected appreciation rates in your house price will be as follows year 1=0%, year 2+3%, and yeat 32% Approximate the expected onnual average rate of appreciation on home equity for the next three years. Complete this question by entering your answers in the tabs below. What if you now thenk that a $385,000 purchase price may be somewhat high and that if you pay this price, the expected apprecantion rates in your house price will be as followst year 1=0%, year 2=3%, and year 3=2%. Approximate the expected annual average rate of appreciation on home equity for the next three years. Note- Do not round intermediate calculabons. Round your linal answer to 1 decimal placese