1. Review The Time Value of Money: The Buy vs. Rent Decision case [W14403-PDF-ENG] and provide advice to Rebecca. In your response, be sure to cover the following:a. The monthly mortgage payment and the total monthly cost in the buying scenario [exclude gains from a future sale. You can assume an effective monthly interest rate of 0.33059%.

b. Future value of net gains from selling the condo after 2, 5, and 10 years, under the four price scenarios.No need to convert between currencies since all cash flows are in the same currency.

c. Other factors that drive the buy vs. rent decision and overall guidance to Rebecca.