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You purchased a home 3 years ago for $230,000. The home gained 4% in value after the 1 st year, another 2% in the 2

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You purchased a home 3 years ago for $230,000. The home gained 4% in value after the 1 st year, another 2% in the 2 nd year, and another 5% in the 3rd year. What is the AVERAGE expected appreciation in home equity (EAHE)? Assume that the LTV ratio is 80%

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