Rental Costs Annual rent Insurance Security deposit Buying costs $8,210 Annual mortgage paynents 188 Property taxes 850 Insurance/maintenance Down payment/closing costs Growth in equity Estimated annual appreciation $10,540 (19,656 i interest) 1,800 1,710 4,500 584 2.0 Assume an after tax savings interest rate of 5 percent and a tax rate of 28 percent (a) Calculate the total rental cost and total buying cost (Round your intermediate calculations and final answers to the nearest whole number.) Total Cost Rental cost Buying cost (b) Based on the cost criteria, would you recommend buying or renting? O Renting Buying