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Rosa Ramirez is currently renting an apartment for $950 per month and paying $215 annually for renter's insurance. She also has $950 security deposit for

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Rosa Ramirez is currently renting an apartment for $950 per month and paying $215 annually for renter's insurance. She also has $950 security deposit for the rental. She just found a small townhouse she can buy for $215,000. She has enough cash for a 20% down payment and $4, 500 in closing costs. Her bank is offering 30-year mortgage at 4.8% APR. Rosa estimated the following costs as a percentage of the home's price: property taxes, 2.5%: homeowner's insurance, 0.5%: and maintenance, 0.7%. She is in the 25% tax bracket and has an after tax rate of return on invested funds of 4%. She expects that the value of townhouse will appreciate 2% annually. Calculate the cost of each alternative and recommend the less | costly option-rent or buy-for Rosa. You can use the work sheet below to help analyze the problem. Notice that some values are preset as 0. You will have to change them to the numbers indicated by the problem. Rosa Ramirez is currently renting an apartment for $950 per month and paying $215 annually for renter's insurance. She also has $950 security deposit for the rental. She just found a small townhouse she can buy for $215,000. She has enough cash for a 20% down payment and $4, 500 in closing costs. Her bank is offering 30-year mortgage at 4.8% APR. Rosa estimated the following costs as a percentage of the home's price: property taxes, 2.5%: homeowner's insurance, 0.5%: and maintenance, 0.7%. She is in the 25% tax bracket and has an after tax rate of return on invested funds of 4%. She expects that the value of townhouse will appreciate 2% annually. Calculate the cost of each alternative and recommend the less | costly option-rent or buy-for Rosa. You can use the work sheet below to help analyze the problem. Notice that some values are preset as 0. You will have to change them to the numbers indicated by the

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