Find the value of the variable.
1 answer:
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Answer:
Part A:
Rent = $7380
Mortgage payments = $9800
Insurance = $145
Taxes, insurance, maintenance = = $2830
Loss of Interest on security deposit = (650*6%) = $39
Interest lost on down payment and closing cost = (4,500*6%) = $270
Growth in equity = $225
Annual appreciation = $1700
Tax savings for mortgage interest = (9,575*28%) = $2,681
Tax savings for property taxes = (1,780*28%) = $498
Total rental cost = dollars
Total buying costs = dollars
Part B:
You should consider rent because the cost of renting is less than the cost of buying.
Answer:
Option B.
Step-by-step explanation:
It is given that,
Last year the total number of movies = 108
Number of action movies = 15
Based on this data, we need to find a reasonable estimate of the probability that the next movie is an action movie.
So, the required probability is:
Hence, the correct option is B.