Ch 9 Assignment 1 11.11 points eBook Hint Print References Rental Costs Annu rent Insurance Security deposit Problem 9-1 Comparing Renting and Buying [LO9-1] Buying Costs Annual mortgage payments Property taxes Insurance, maintenance Down payment, closing costs Growth in equity Estimated annual appreciation Saved Rental cost Buying cost $ 8,120 220 1,360 Total Cost Help Save & Exit Submit Check my work $9,800 ($ 9,611 is interest) 2,500 1,780 4,500 189 2,000 Assume an after-tax savings interest rate of 4 percent and a tax rate of 28 percent. a. Calculate the total rental cost and total buying cost.

Problem 9-1 Comparing Renting and Buying [LO9-1] Assume an after-tax savings interest rate of 4 percent and a tax rate of 28 percent. a Calculate the total rental cost and total buying cost