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Crystal is looking for a new apartment. What are her total annual costs associated with renting? - Monthly rent payments $1,200 - Annual renter's insurance
Crystal is looking for a new apartment. What are her total annual costs associated with renting? - Monthly rent payments $1,200 - Annual renter's insurance $250 - Annual interest lost on security deposit $10 - Value of apartment $150,000 Select one: a. $14,400 b. $14,650 c. $14,660 d. $151,460 Given the information below, what is the annual cost of owning? - Home value - $450,000 - Annual mortgage payments - $16,500 - Annual property taxes - $7,200 - Annual homeowner's insurance - $960 - Estimated maintenance and repairs - 1 percent of home value - Growth in equity - \$4,500 - Tax savings (mortgage interest and property tax) - \$4,800 - Estimate annual appreciation - 1.5 percent of home value Select one: a. $13,110 b. $16,050 C. $29,160 d. $45,210
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