Annual rent $ 7,380
insurance 145
security deposit 650
annual mortgage payments $9...
Mathematics, 20.09.2019 20:10 gmedisa08
Annual rent $ 7,380
insurance 145
security deposit 650
annual mortgage payments $9,800 ($9,575 is interest)
property taxes 1,780
insurance/maintenance 1,050
down payment/closing costs 4,500 growth in equity 225
estimated annual appreciation 1,700
assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent.
a) calculate the total rental cost and total buying cost. (round your intermediate calculations and final answers to the nearest whole number.)
b) would you recommend buying or renting?
Answers: 3
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