(PLEASE HELP ASAP!!)
2 answers:
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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:
25%
Step-by-step explanation:
If we consider the original price of the piece of suit is x.
Given that, on Monday during a one day sale, the price of the suit was decreased by 20%.
Therefore, the new price of the suit on Monday is .
Now, the price of the suit on Tuesday was changed back to the original price i.e. x.
Therefore, the price is increase by (x - 0.8x) = 0.2x from the price of 0.8x.
So, the percentage change in price of the suit on Tuesday is %. (Answer)