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:
2 1/3
Step-by-step explanation:
She will need 2/3 of 3 1/2:
(2/3)(3 1/2) = (2/3)(3) +(2/3)(1/2) = 2 + 1/3
Amanda will need 2 1/3 cups of milk.