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Mathematics, 25.05.2020 08:57 krojas015

The Krafts want to buy a home. Their estimated first year expenses are: mortgage interest, \$6,848 ; property taxes, \$3,782; ; insurance, $560; depreciation, \$1,790 ; utilities, \$1,300 ; maintenance and repairs, \$2,050 . They estimate lost interest income on savings to be \$1,562 . Income tax savings are estimated to be \$1,320 Find their net cost of home ownership for the first year.

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