Home / Questions / Based on the following data would you recommend buying or renting Rental Costs ...
|
Based on the following data, would you recommend buying or renting? |
| Rental Costs Buying Costs | ||||||
| Annual rent | $ | 7,630 | Annual mortgage payments | $ | 10,300 | (9,700 is interest) |
| Insurance | $ | 170 | Property taxes | $ | 1,880 | |
| Security deposit | $ | 900 | Down payment/closing costs | $ | 5,000 | |
| Growth in equity | $ | 600 | ||||
| Insurance/maintenance | $ | 1,300 | ||||
| Estimated annual appreciation | $ | 1,950 | ||||
| Assume an after-tax savings interest rate of 7 percent and a tax rate of 32 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. |
| a. |
Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) |
| Rental cost | $ |
| Buying cost | $ |
| b. | Would you recommend buying or renting? | ||||
|
Apr 14 2020 View more View Less
Is the effort directed at all the firm's key publics or restricted to only potential customers?
Jul 22 2021The research paper will focus on the analysis of a public policy of the student’s choice. The research paper will be conducted in three phases: a short research proposal ...
May 28 2020A stock solution containing Mn2+ ions was prepared by dissolving 1.584 g pure manganese metal in nitric acid and diluting to a final volume of 1.000 L. The following solu...
Jul 30 2021Which of the following is NOT an example of product differentiation? They are all examples of product differentiation. Shell versus Chevron Coca-Cola versus Pepsi Levi's ...
Jul 09 2021The intentional preparation of misleading financial statements, known as fraudulent financial reporting, can result from all of the following excepta.the manipulation of ...
Jan 10 2020The total revenue for an agricultural consulting firm is$300,000. The total costs for the firm are $150,000. Its totalsales in dollars are $200,000. Calculate the firmâ...
Jun 06 2021As a financial advisor, are there factors other than return and risk that should be considered in making this decision?Based on these factors, what stock would you recomm...
Apr 14 2020A cast-in-place (CIP) cantilever wall is required to maintain the grade for a freeway. A preliminary wall dimension is shown in Figure P15.22. Determine the stability of ...
Jul 09 2020The following data are given for Pharmacy at 14:00 hour of August month. Ceiling Dark color, area = 4.1 x 4.1 m2, height = 3.2 m, structure is 101.6 mm. LW concrete with ...
Apr 18 2021what is the chemical formula for disilicon hexabromide?
Jul 23 2021