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a. Calculate the total rental cost and total buying cost. Answer is complete but not entirely correct. $ 69 Rental cost Buying cost $

  

a. Calculate the total rental cost and total buying cost. Answer is complete but not entirely correct. $ 69 Rental cost Buying cost $ Total Cost Rental Costs Annual rent Insurance $ 7,790 181 Security deposit 1,010 Buying Costs Annual mortgage payments Property taxes Insurance, maintenance Down payment, closing costs Growth in equity Estimated annual appreciation $ 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.

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