Part C: The rent for any home in the neighbourhood is 30% higher than the monthly mortgage payment for the first year. R

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Part C The Rent For Any Home In The Neighbourhood Is 30 Higher Than The Monthly Mortgage Payment For The First Year R 1 (83.23 KiB) Viewed 32 times

Part C: The rent for any home in the neighbourhood is 30% higher than the monthly mortgage payment for the first year. Rent will increase by 1.5% annually after that. You can invest any money saved by renting in an account that pays 3.2%. With the given information, compare the cost of buying and renting the home that fits your financial needs over the amortization period chosen. Then, make a final decision whether to rent or buy the home and give your most important reason for the decision.