Based on the following data, would you recommend buying or renting?

$\backslash$table$[[$Rental Costs

Annusl rent$],[],[$Insurance$,$$ $8,080],[$Security deposit,$ $1,260],[$Euyling Costs$],[$Annual mortgage payments,$ $10,600(59,925$ is interest$)],[$Property taxes$],[$Down payment and closing costs,$55,399],[$Growth in equity,$ $5,675],[$Insurance and maintenance,$51,750],[$Estiabted annual appreciation,$52,489]]$

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.

Note: Round your intermediate calculations and final answers to the nearest whole dollat.

b$.$ Would you recommend buying of renting?

$\backslash$table$[[$a$.$ Rental cost,$5],[$a$.$ Buying cost,$9\mathrm{.}223],[$b$.$ Would you recommend buying or renting?,Buying$]]$