Derek and Meagan Jacoby recently graduated from State University, and Derek accepted a Job in business consulting while Meagan accepted a job in computer programming. Meagan inhertted $70,000 from her grandfather, who recently passed away. The couple is debating whether they should buy or rent a home. They located a rental home that meets their needs. The monthly rent is $3,300. They also found a three-bedroom home that would cost $340,000 to purchase. The Jacobys could use Meagan's inheritance for a down payment on the home. Thus, they would need to borrow $270,000 to acquire the home. They have the optlon of paying two discount points to recelve a fixed interest rate of 4.50 percent on the loan or paying no points and recelving a fixed interest rate of 5.70 percent for a 30 -year fixed loan. Though anything could happen, the coyple expects to live in the home, for no more than five years before relocating to a different region of the country. Derek and Meagan don't have any school-related debt, so they wil save the $70,000 if they don't purchase a home. Also, consider the following information: - The couple's marginal tax rate is 20 percent. - Regardless of whether they buy or rent, the couple will itemize thelf deductions and have the ability to deduct all of the property taxes from the purchase of a residence. - If they buy, the Jacobys would purchase and move into the home on January 1,2023. - If they buy the home, the property taxes for the year are $4,650. - Disregard loan-related fees not mentioned above. - If the couple does not buy a home, they will put their money into thelr taxable annulty account, where they earn 4.95 percent annual interest. - Assume that all unstated costs are equal between the buy and rent options. Help the Jacobys with their decisions by answering the following questions: Note: Leave no answer blank. Enter zero if applicable. What is the after-tax cost (in interest and property taxes) of ilving in the home for 2023 ? Assume that the Jacobys' interest rate is 5.70 percent, they do not pay discount points, they make interest-only payments for the first year, and the value of the home does not change during the year. Assume that on March 1, 2023, the Jacobys sold their home for $380,000, so that Derek and Meagan coul $ accept job opportunitles in a different state. The Jacobys used the sale proceeds to 1. Pay off the $270,000 principal of the mortgage. 2 Pay a $10,000 commission to thelr real estate broker, and 3. Make a down payment on a new home in the different state. However, the new home cost only $202,500. Assume they make interest-only payments on the loan. Note: Round your intermedlate calculations to the nearest whole dollar amount