Based on the following data, would you recommend buying or renting? Rental Costs Annual rent Insurance Security deposit $ 7,580 $ 165 $ 750 Buying Costs Annual mortgage payments $10,200 (9,675 is interest) Property taxes $ 1,860 Down payment/closing costs $ 4,900 Growth in equity $ 525 Insurance/maintenance $ 1,250 Estimated annual appreciation $ 1,900 Assume an after-tax savings interest rate of 6 percent and that exceed the standard deduction amount. tax rate of 28 percent. Assume this individual has other tax deductions a. 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? O Buying O Renting