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:
radius=11.5
diameter=23
Step-by-step explanation:
The volume of a sphere is V=4/3 Pi r^3
We can use this to solve for the radius.
555.4= 4/3 (3.14)r^3
Solve for r how you would any other equation. Multiply 4/3 and 3.14.
555.4=4.187 r^3
Divide both sides by 4.187
132.65=r^3
To get rid of the ^3, find the cube root of both sides on a calcualtor.
r= 11.5
The diameter is the radius time two.
11.5 (2)=23.
Hope this helps!
Note: When I say both sides, I mean both sides of the = sign.
Rita = $150
Bob = $150 - $35 = $115 Bob has $115
Joe = $115 divided by 5 = $23 $23 x 4 = $92 Joe Has $92
Tim = Has $50 more then joe, $92 + $50 = $142 Tim has $142