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Jack and Juliet are looing for place to live. -Jack decided to rent a house for $1400 per month. -Juliet buys a house for $189990,

Jack and Juliet are looing for place to live.

-Jack decided to rent a house for $1400 per month.

-Juliet buys a house for $189990, with a down payment of 10%. The bank offered Juliet a 20-year mortgage for the remainder of the cost, at 4% compounded semi-annually, whit payments every two weeks. Jack and Juliet both move after 5 years. Jack's house is depreciated by 2% per year.

Compare Jack's and Juliet's housing costs.

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