Week $9$ Chapter $7$ Qulz $($online$)i$

$4$

Five years have passed and Jamle Lee, $34,$ Is considering taking the plunge$--$not only is she engaged to be marrled, but she is also deciding on whether to purchase a new home.

Jamle Lee's cupcake caf$$ is a success! It has been open for over a year now and has earned itself rave revlews in the local press and from its regular customers who just cannot get enough of her deliclous varletles of cupcakes. One such customer, who stopped by on a whim in the cafe's first week of business, Is Ross. After a whirlwind courtship, Ross, a self$-$employed web designer, proposed, and Jamle Lee agreed to be his wife.

The bungalow that Jamle Lee has been renting for the past five years is too small for the soon$-$to$-$be newlyweds, so Jamle Lee and Ross have found a brand new three$-$bedroom, $2\frac{1}{2}$ bath home in a qulet nelghborhood for $$278,000.$

Their nelghborhood's homeowner's assoclation dues would be $$420\mathrm{.}00$ a year. After paying a year's worth of house payments, thelr equity will be $$2,600.$ Based on Jamle Lee and Ross' Income, they fall into a $25\%$ tax rate bracket. Use this payment information along with the Information below to compare the costs of renting and buying a house.

$\backslash$table$[[$Rent payment for a house $($monthly$),$$$800$