3 2 points Problem 7-1 (LO7.1) Based on the following data, calculate the items requested: Rental...

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3 2 points Problem 7-1 (LO7.1) Based on the following data, calculate the items requested: Rental Costs Annual rent Buying Costs eBook Hint Print References $ 8,080 Annual mortgage payments Insurance Security deposit $ 215 $ 1,000 Property taxes $ 10,600 (9,925 is interest) $ 2,060 Down payment/closing costs Growth in equity $ 5,300 $ 675 $ 1,750 $ 2,400 Insurance/maintenance Estimated annual appreciation Assume an after-tax savings interest rate of 8 percent and a tax rate of 30 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 3 2 points Problem 7-1 (LO7.1) Based on the following data, calculate the items requested: Rental Costs Annual rent Buying Costs eBook Hint Print References $ 8,080 Annual mortgage payments Insurance Security deposit $ 215 $ 1,000 Property taxes $ 10,600 (9,925 is interest) $ 2,060 Down payment/closing costs Growth in equity $ 5,300 $ 675 $ 1,750 $ 2,400 Insurance/maintenance Estimated annual appreciation Assume an after-tax savings interest rate of 8 percent and a tax rate of 30 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