Problem $9-1$ Comparing Renting and Buying $[$LO$9-1]$

Sental Costs

Annasl rent

Tnsurance

Security deposit

Buyling Costs

Assume an after$-$tax sovings interest rote of $7$ percent and a tax rote of $28$ percent.

a$.$ Calculate the total rental cost and total buying cost

$\backslash$table$[[,$Total Cost$],[$Rentai cost$,],[$Buyng cost$,]]$

b$.$ Besed on the cost critenb, would you recommend buying or renting?

Remting

Buying