3 Based on the following data, calculate the items requested Next Buying Cats Annual rent 5,280 annual sorts $ 10,5 ts interest Insurance SI Property $1,040 Security deposit 5.85 DM Daynent/cocos 15, Growth in my 5825 Insurance 11,45e Ettedal worection 2.300 Assume an after tax savings interest rate of percent and state of 28 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 calaton Round your anwwers to the nearest whole dollar) Bunge b. Would you recommend buying of renog Buying CATI PO Based on the following data, calculate the items requested: $ 825 Rental Costs Buying Costs Annual rent $ 7,780 Annual mortgage payments $ 10,600 (9,775 is interest) Insurance $ 185 Property taxes $ 1,940 Security deposit $ 850 Down payment/closing costs $ 5,300 Growth in equity Insurance/maintenance $ 1,450 Estimated annual appreciation $ 2,100 Assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. .. 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? Buying Renting