A family currently live in an apartment whose monthly rent 5950. They are thinking of buying a house which would cost 5220,000. They plan to live in this bouse for 3 years and sell it at the end of the St year. They would put downpayment of $20,000 and finance the balance through a more at 3.91 interest rate Themen berlin ostalim which include both incipalmente the end of each year for the years The house will have the following additional expenses al maintenance S1500, Property taxes 55500, Insurance $1200. Anume they are in tax bracket of 20 and the price of home, and expenditures by 23% per year Thelt opportunity cost of requited rate of rotum is 5% per year. Note that property taxes are tax deductible and there to tax payable on capital game mal compounding for mortization schedule of mortgage Calculate the total cost of owning in year 1 58021 $7825 58100 58222 A family currently live in an apartment whose monthly rent 5950. They are thinking of buying a house which would cost 5220,000. They plan to live in this bouse for 3 years and sell it at the end of the St year. They would put downpayment of $20,000 and finance the balance through a more at 3.91 interest rate Themen berlin ostalim which include both incipalmente the end of each year for the years The house will have the following additional expenses al maintenance S1500, Property taxes 55500, Insurance $1200. Anume they are in tax bracket of 20 and the price of home, and expenditures by 23% per year Thelt opportunity cost of requited rate of rotum is 5% per year. Note that property taxes are tax deductible and there to tax payable on capital game mal compounding for mortization schedule of mortgage Calculate the total cost of owning in year 1 58021 $7825 58100 58222