$\backslash$table$[[$Rental Costs,$],[$Annual rent,$8,270],[$Insurance$,205],[$Security deposit,$1,540],[,],[$Buying Costs, is interest$)],[$Annual mortgage payments,$2,480],[$Property taxes,$1,910],[$Insurance$,$ maintenance,$4,500],[$Down payment, closing costs,$6,692],[$Growth in equity,$2,500]]$

Assume an after$-$tax savings interest rate of $5$ percent and a tax rate of $28$ percent.

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

$\backslash$table$[[,$Total Cost$],[$Rental cost$,],[$Buying cost$,]]$

b$.$ Based on the cost criteria, would you recommend buying or renting?