Based on the following data, calculate the items requested: Rental Costs Buying costs Annual rent $ 8,130 Annual mortgage payments $ 10,550 (9,950 is interest) Insurance $ 220 Property taxes $ 2,080 Security deposit $ 1,025 Down payment/closing costs $ 5,250 Growth in equity $ 600 Insurance/maintenance $ 1,800 Estimated annual appreciation $ 2,450 Assume an after-tax savings interest rate of 9 percent and a tax rate of 26 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.) Answer is complete but not entirely correct. Rental cost $ 8,442 Buying cost $ 8.244