Annual rent $ 7,380
1 answer:
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.
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Answer:
Parallel line:
Perpendicular line:
Step-by-step explanation:
we are given equation 4x+5y=19
Firstly, we will solve for y
we can change it into y=mx+b form
so,
Parallel line:
we know that slope of two parallel lines are always same
so,
Let's assume parallel line passes through (1,1)
now, we can find equation of line
we can plug values
now, we can solve for y
Perpendicular line:
we know that slope of perpendicular line is -1/m
so, we get slope as
Let's assume perpendicular line passes through (2,2)
now, we can find equation of line
we can plug values
now, we can solve for y