Use Worksheet 5.2. Kayla Thompson is married and currently rents an apartment for $550 per month and paying $275 annually for renter's Insurance Her landlord required a $1,000 security deposit on the apartment. She just found a small townhouse she can buy for $285,000. She has enough cash for a $10,000 down payment and $4,300 in closing costs. Her bank is offering 30-year mortgages at a 6 percent annual rate. Kayla estimated the following costs as a percentage of the home's price: property taxes, 2.5 percent; homeowner's Insurance, 0.5 percent; and maintenance, 0.7 percent. She is in the 25 percent tax bracket, has an after-tax rate of return on invested funds of 4 percent, and expects the townhouse to appreciate 2 percent per year. Using Worksheet 5.2. calculate the cost of each alternative and recommend the least costly option-rent or buy for Kayla. Assume that Kayla uses the standard deduction of $24,000. Round the answers to the nearest dollar Cost of renting: 5 6875 Cost of buying: 5 Kayla should Select the home