Use the table provided below as a starting point to answer the following questions. a. How sensitive is the decision to the amount of the down payment for the purchase option? If a down payment of less than 20% is used, you will need to account for additional monthly mortgage insurance (about $58/month). b. Interest paid on a mortgage is tax deductible if you itemize deductions on your personal income tax return. Discuss how you would incorporate this and what impact it would have on the decision to purchase versus rent a home. Click the icon to view the data to be used in analysis. Factor Factor Change PW advantage of home purchase Down Payment Repayment Period - 10% + 10% - 10% + 10% - 10% + 10% Application/closing fees b. Interest paid on a mortgage is tax deductible if you itemize deductions on your personal income tax return. Choose the correct answer below. O A. You should certainly itemize your deductions as far as this reduces your taxable income and makes you more inclined to renting home. OB. You should itemize your deductions if your mortgage interest is higher than your standard deduction. This will make you more inclined to purchase home. OC. You should itemize your deductions if your mortgage interest is less than your standard deduction. This will make you more inclined to renting home. OD. You should not itemize your deductions as far as this increases your taxable income and makes you more inclined to purchase home. Use the table provided below as a starting point to answer the following questions. a. How sensitive is the decision to the amount of the down payment for the purchase option? If a down payment of less than 20% is used, you will need to account for additional monthly mortgage insurance (about $58/month). b. Interest paid on a mortgage is tax deductible if you itemize deductions on your personal income tax return. Discuss how you would incorporate this and what impact it would have on the decision to purchase versus rent a home. Click the icon to view the data to be used in analysis. Factor Factor Change PW advantage of home purchase Down Payment Repayment Period - 10% + 10% - 10% + 10% - 10% + 10% Application/closing fees b. Interest paid on a mortgage is tax deductible if you itemize deductions on your personal income tax return. Choose the correct answer below. O A. You should certainly itemize your deductions as far as this reduces your taxable income and makes you more inclined to renting home. OB. You should itemize your deductions if your mortgage interest is higher than your standard deduction. This will make you more inclined to purchase home. OC. You should itemize your deductions if your mortgage interest is less than your standard deduction. This will make you more inclined to renting home. OD. You should not itemize your deductions as far as this increases your taxable income and makes you more inclined to purchase home