a newconnect.mheducati Saved oblems 320(9,628 1s $10,320 interest) $8,270 Annual mortgage paymente Annual rent Insurance Security deposit1,540 Inaurance/maintenance 2,480 1,910 Down paynent/closing costs4,500 205 Property taxes Growth in equity tst imated annual appreciation 692 2,500 Assume an after-tax savings interest rate of 5 percent and a tax rate of 28 percent (a) Calculate the total rental cost and total buying cost. (Round your intermediate calculations and final ans whole number.) Total Cost Rental cost Buying cost (b) Would you recommend buying or renting? Renting Buying 1 of 3 Next 3