Use the table provided below as a starting point to answer the following questions.

a. How sensitive is the decision to the amount of the down payment for the purchase option? If a down payment of less than 20% is used, you will need to account for additional monthly mortgage insurance (about $58/month).

b. Interest paid on a mortgage is tax deductible if you itemize deductions on your personal income tax return. Discuss how you would incorporate this and what impact it would have on the decision to purchase versus rent a home.

Whe the table grovided below as a siarting point to answer the tobrehg quratens fifl Cick the iconio View the data to be ined in anajelin. Purchase or Rent Analysis Print Done Whe the table grovided below as a siarting point to answer the tobrehg quratens fifl Cick the iconio View the data to be ined in anajelin. Purchase or Rent Analysis Print Done