please answer the questions below

Which is betteri to rent or to buy? The decision of ahether to rent or buy housing is a personal decision that is based an both your lifestyle and your finances. While most financial experts argue that the financial aspect of the decision is important, it is also inportant not to bese your rent-or-buy decision solety on the numbers. Your personal needs and housing maket eonditions are important. However, it is still necessary to perform the firancial analysis. Tim and his wife are trying to declde whether to rent or to purchase a new townhouse. After lopking for several months, therve narrowed their choice down to one particular house, and the builder is willing to lease or sell-desending upon the preference of the buyer. To perform a renk-onbuy analysis, Tim and his wife have collected the following information: - If they rent, the buider wal require montaly rental payments of 31,000 and a seaurity deposit equal to too months of rent. - Since they want to be peotected against the passible loss of their possessions, they will purchase a renters' policy of 3200 every six months, while a morelcomprehensive homeowners' policy will cost 0.5% of the heme's value per yeac. - Maney used to fund the hause's secunay deposit could otherwise be imetted to eam 24 per year after taxes. Funds expended for a heme's down payment and closing costs atso incur an opportunity cost. - It the house is purctased, it will cost $247,000 and will require a 20% down payment. The loan will carry an intereis rate of 6%, a term of 30 years, and marthily payments of $1,185. The closing costs associated with the house's mortgage will be $3,500. - The propery taxes and the maintenance and repair expenses on the house are estimated to be 3\% and 1% of the houses total price, respectively. - Your ardaay income is taxed at the rate of 28%, and youll be willing to ltemize your tax deductions in the event that you purchase your new hame. - Financal publications report that home values are expected to increaso by 34 this year due to inflation. Complete a restior-buy analysis warksheet to decermine the todai cost of renting and the tocal cost of purchasing Tim and his wife's prospective house. To complece the worlisheet, enter the appropriafe values in their correspending blanks and round each value to the nearest whole doliar, Assignment: Chapter Os Matong Automobile and Housing Decisions Based on this analysis, Tim and his wife should: Turchase the home, as the cost of purchasing is greater than the cost of renting. Purchase the heene, as the total cost of purchasing is less than the cost of renting. Rent the home, as its total cost is less than the total cost of purchasing. Which is betteri to rent or to buy? The decision of ahether to rent or buy housing is a personal decision that is based an both your lifestyle and your finances. While most financial experts argue that the financial aspect of the decision is important, it is also inportant not to bese your rent-or-buy decision solety on the numbers. Your personal needs and housing maket eonditions are important. However, it is still necessary to perform the firancial analysis. Tim and his wife are trying to declde whether to rent or to purchase a new townhouse. After lopking for several months, therve narrowed their choice down to one particular house, and the builder is willing to lease or sell-desending upon the preference of the buyer. To perform a renk-onbuy analysis, Tim and his wife have collected the following information: - If they rent, the buider wal require montaly rental payments of 31,000 and a seaurity deposit equal to too months of rent. - Since they want to be peotected against the passible loss of their possessions, they will purchase a renters' policy of 3200 every six months, while a morelcomprehensive homeowners' policy will cost 0.5% of the heme's value per yeac. - Maney used to fund the hause's secunay deposit could otherwise be imetted to eam 24 per year after taxes. Funds expended for a heme's down payment and closing costs atso incur an opportunity cost. - It the house is purctased, it will cost $247,000 and will require a 20% down payment. The loan will carry an intereis rate of 6%, a term of 30 years, and marthily payments of $1,185. The closing costs associated with the house's mortgage will be $3,500. - The propery taxes and the maintenance and repair expenses on the house are estimated to be 3\% and 1% of the houses total price, respectively. - Your ardaay income is taxed at the rate of 28%, and youll be willing to ltemize your tax deductions in the event that you purchase your new hame. - Financal publications report that home values are expected to increaso by 34 this year due to inflation. Complete a restior-buy analysis warksheet to decermine the todai cost of renting and the tocal cost of purchasing Tim and his wife's prospective house. To complece the worlisheet, enter the appropriafe values in their correspending blanks and round each value to the nearest whole doliar, Assignment: Chapter Os Matong Automobile and Housing Decisions Based on this analysis, Tim and his wife should: Turchase the home, as the cost of purchasing is greater than the cost of renting. Purchase the heene, as the total cost of purchasing is less than the cost of renting. Rent the home, as its total cost is less than the total cost of purchasing