Question: Based on the following data, would you recommend buying or renting? table [ [ Rental Costs ] , [ Annual rent,,$ 7 , 7

Based on the following data, would you recommend buying or renting?
\table[[Rental Costs],[Annual rent,,$ 7,780],[Insurance,,$ 185],[Security deposit,,$ 850],[Buying Costs],[Annual mortgage payments,$ 10,600,($9,775 is interest)],[Property taxes,$ 1,940,],[Down payment and closing costs,$ 5,300,],[Growth in equity,$ 825,],[Insurance and 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.
a. Calculate total rental cost and total buying cost.
Note: Round your intermediate calculations and final answers to the nearest whole dollar.
b. Would you recommend buying or renting?
Answer is complete but not entirely correct.
\table[[a. Rental cost,$,8,815%
Based on the following data, would you recommend

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