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A person rents a house for which he pays the landlord $25,000 per year andcost of utilities . The house can be purchased for $200,000,
A person rents a house for which he pays the landlord $25,000 per year andcost of utilities . The house can be purchased for $200,000, which he has in the bank in a C.D. earning 4% interest per year. Is buying the house a good deal for the tenant?
Assume there's noother cost like property tax or any other repair cost except same utility costs !)
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