Now, you are required to analyze new case of $$Renting versus Owning$.$

All other informations are same as in Exhibit $7-2$ besides property price, initial

rent, LTV$($loan to value$)$ ratio and interest rate. Suppose the purchase price of

property is $$250,000,$ the initial rent is $$24,000($yr$),$ LTV$($Loan to Value$)$ ratio is

$65\%$ and interest rate is $4\%.$

$1)$ Discuss whether you support the purchasing a property or renting a property

based on your computation as in Exhibit $7-3.$

$2)$ Attach a spreadsheet that can support your conclusion.