The following answer is extracted from AI generators, and is not accepted: To determine which option is better for you, we can compare the total costs of each option over a certain period. Let's assume you are considering a time horizon of 5 years. After each year, your salary increases by 5%, and you can allocate a portion of the salary to either rent or the mortgage payment. Option A: Renting an apartment for 5300 per month The annual cost of renting is $30012=53,600. Over 5 years, the total cost would be $3,6005=$18,000. Option B: Buying an apartment for $200,000 with a $50,000 downpayment and the rest on a bank loan at 8% interest 1. Downpayment: $50,000 2. Lean amount: $200,000$50,000=$1$0,000 3. Lean interest rate: 8% 4. Laan term: 30 years (typical mortgage term) Where: - M is the monthly mortgage payment. - P is the loan amount. - r is the monthly interest rate (annual rate / 12), - n is the total number of payments (loan term in years * 12). Let's calculate the monthly mortgage payment and the total cost over 5 years. 0.0812r=120.08=3012n=3012 =150,00050.08/12(1+0.08/12)3012(1+0.08/12)30121)M=150,000(1+0.08/12)301210. 08/12(1+0.08/12)3012) Now, calculate M and then multiply by 12 to get the anmual mortgage payment. Finally, calculate the total cost over 5 years. Compare the total cost of both options over the 5-year period to determine which one is more economical. Keep in mind that this analysis simplifies various factors, such as potential home value appreciation and tax implications. It's recommended to consult with a financial advisoe for a more detailed and personalized analysis