Based on the following data, would you recommend buying or renting? Rental CostsAnnual rent$ $8,230$Insurance$ $230$Security deposit$ $1,075$ Buying CostsAnnual mortgage payments$ $10,450($$$10,000$ is interest$)$Property taxes$ $2,120$Down payment and closing costs$ $5,150$Growth in equity$ $450$Insurance and maintenance$ $1,900$Estimated annual appreciation$ $2,550$ 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. Calculate total rental cost and total buying cost. Note: Round your intermediate calculations and final answers to the nearest whole dollar. Would you recommend buying or renting?