3 Required Information art 3 of 5 [The following information applies to the questions displayed below Derek and Meagan Jacoby recenty graduated from State Universty and Derek while Meagan accepted a job in computer programming. Meagan inherted $75,000 from her grandfather who recenty passed away. The couple is debating whether they should buy or rent a home. They located a rental home that meets their needs. The monthly rent is $2.250. They also found a three-bedroom home that would cost $475,000 to purchase The Jacobys could use Meagan's Inherttance for a down payment on the home. Thus, they would need to borroW $400,000 to acquitre the home. They have the option of paying 2 discount points to receve a fixed interest rate of 4.50 percent on the loan or paying no points and receiving a fixed interest rate of 575 percent for a 30-year fixed loan accepted a job in business consulting ints eBook Print eferences Though anything could happen, the couple expects to live in the home for no more than five years before relocating to a different region of the country. Derek and Meagan don't have any schooltrelated debt, so they will save the $75,000 they dont purchase a home. Also. consider the following Information . The couple's marginal tax rate Is 24 percent - Regardless of whether they buy or rent, the couple will itemize their deductions - If they buy, the Jacobys would purchase and move into the home on January 1. 2018 If they buy the home, the property taxes for the yeor are $3,600 - Disregard loan-related fees not mentionea above. - If the couple does not buy a home, they wl pur tner money into their savings account where they earn 5 annual Interest Assume thas all unstaned costs are equal besween the bup and rent opton. Required: Heip the Jacobys with ner decisions by answering the following questions: (Leave no answer blank. Enter zero It appliceble.)