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Problem 9-1 Comparing Renting and Buying [LO9-1] Assume an after-tax savings interest rate of 4 percent and a tax rate of 28 percent. a. Calculate

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Problem 9-1 Comparing Renting and Buying [LO9-1] Assume an after-tax savings interest rate of 4 percent and a tax rate of 28 percent. a. Calculate the total rental cost and total buying cost. b. Based on the cost criteria, would you recommend buying or renting? Renting Buying

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