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Determine if it would be economically better for you to buy a home or rent an apartment answer these questions: Based only on future worth
Determine if it would be economically better for you to buy a home or rent an apartment
answer these questions: Based only on future worth analysis, which alternative should you choose? How do you think the calculated FW would change if you only lived there for 2 yrs? What about 25 yrs? What are other monetary costs and benefits that I did not ask you to consider? What are some non-monetary costs and benefits that you could consider? Give examples with "dollar values". Considering your answers to questions 3 and 4, would you choose differently? Why? Your annual house payment is probably more than your annual rent; so, when we conduct an economic analysis like this, what are we assuming about your "extra" money each month if you rent? What are some of the risks involved with each alternative? What is the "do nothing" alternative? Is it feasible for you
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