1 boints Mc Rental Costs Annual rent Insurance Security deposit Buying Costs Annual mortgage payments Property taxes Insurance, maintenance Down payment, closing costs Growth in equity Estimated annual appreciation $ 7,790 181 1,010 Rental cost Buying cost Assume an after-tax savings interest rate of 8 percent and a tax rate of 28 percent. a. Calculate the total rental cost and total buying cost. Answer is not complete. Total Cost 8,052 $ 10,370 ($ 9,575 is interest) 1,850 1,540 4,500 795 1,950

Assume an after-tax savings interest rate of 8 percent and a tax rate of 28 percent. a. Calculate the total rental cost and total buying cost