Given: Sales Price $250,000 Marginal Tax Rate 30% Property Taxes (Monthly) 200 Insurance (Monthly) 50 Cost to Rent an Apt. 1,000 Down Payment 20% Mortgage Interest Rate 7.5% Amortization Period 30 yrs. What are the financial implications of renting or buying a home given the above data? Calculate on a monthly basis. (Hint: What is the after tax cost of buying the home compared to renting the apt?)