A family currently live in an apartment whose moethly rent is $950. They are thinking of buying a house which would cost $220,000. They plan to live in this hocke for 5 years and sell if at the end of the 5 th year. They woald put a downpayment of $20,000 and finance the balance through a mortgage at 3.50 interest rate. The mortgage is to be repaid in 5 annual installments (which inclade both principal and interest) at the exd of each year for the next 5 years The house will have the following additional expenses: annual maintenaoce. 51500 ; Froperty taxes 5500 , Invirance 51200 , Assume they are in tax bracket of 20% and the price of home, reat and expenditure increases by 2.5% peryear, Their opportanity cost or required rate of tetum is 5\% per year. Note that propery taxes ate tax deductible and there no tax puyable on capital gains. Use annual compounding for anortination schedule of mongage Calculate the Poit tax Mortgage Cost (principal repayment plus after tax iaterest cost) for year 4. 542,92543,207543,679544,978