Chapter 9 Problems Saved Rental Costs Buying Costa Annual rent $10, 770($9,616 $7,930 Annual mortgage payments interest) 2,560 1,770 4,500 1,154 Eatinated annual appreciation 3,00 196 Property taxes Insurance Security deposit 1,050 Insurance/maintenance Dovn paynent/closing costs Growth in equity Assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent e) Calculate the total rental cost and toral buying cost (Round your intermediate calculations and final whole number.) Cost Buying cost .176 333,740 (b) Would you recommend buying or renting? o Buying of all Next > 0 ? FS F7