let the location for requirement 1 be: Birmingham, AL.

Answer in paragraph format ans detailed. Thanks!

question is as clear as it gets. You get to pick a place you would like to move and answer the questions. You basically create the place and find the averages dor both renting and purchasing.

There isnt any major information missing...You pick the rent costs and find the calculations from there

To the chegg person who keeps denying my question: for the third time... YOU get to decide what the rent cost and purchase price is. Just forget it at this point. This back and forth is no help at all.

You are planning on moving and have to decide to either renting or purchasing in the new neighborhood. You need to locate an area you would want to move to and do the following: 1. Renting a. Determine average monthly rent. b. Assume a 5% discount rate. c. Assume rent will increase $50 per month each year. d. Assume you will rent for 15 years. 2. Purchasing a. Determine average home sale price. b. Assume payments for 15 years. C. Assume 5% interest Requirements: 1. Identify the location you will be moving to. 2. Explain the averages for both renting and purchasing. 3. Calculate the present value for both renting and purchasing. 4. Select whether you would choose to rent or purchase. 5. Support your decision of either renting or purchasing. You are planning on moving and have to decide to either renting or purchasing in the new neighborhood. You need to locate an area you would want to move to and do the following: 1. Renting a. Determine average monthly rent. b. Assume a 5% discount rate. c. Assume rent will increase $50 per month each year. d. Assume you will rent for 15 years. 2. Purchasing a. Determine average home sale price. b. Assume payments for 15 years. C. Assume 5% interest Requirements: 1. Identify the location you will be moving to. 2. Explain the averages for both renting and purchasing. 3. Calculate the present value for both renting and purchasing. 4. Select whether you would choose to rent or purchase. 5. Support your decision of either renting or purchasing