Business, 16.10.2019 00:00 ceibrione1

Based on the following data, would you recommend buying or renting? rental costs- annual costs- annual rent $7,380, insurance $145. security deposit $ 650. - buying costs- annual mortgage payments $9,800 ($9,575 is interest ), property taxes $ 1,780, down payment / closing costs $4,500, growth in equity $225, insurance / maintenance $1,050, estimated annual appreciation $ 1,700. assume an after tax savings interest rate of 6 percent & a tax rate of 28 percent.

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