Find the total year costs for 5 years 10 years and 15 years

Last updated: 3/4/2023

Find the total year costs for 5 years 10 years and 15 years for purchasing and renting a house Then compare your answers to those in the following table Length of Time Purchase Home Rent Home 5 years 10 years 15 years 78 559 20 54 900 00 127 118 40 115 200 00 175 677 60 180 900 00 Purchase Home Total 5 year cost 30 000 00 5 x 12 x 809 32 78 559 20 Total 10 year cost 30 000 00 10 x 12 x 809 32 127 118 40 Total 15 year cost 30 000 00 15 x 12 x 809 32 175 677 60 Rent Home Total 5 year cost 4 x 12 x 900 1 x 12 x 975 54 900 Total 10 year cost 4 x 12 x 900 4 x 12 x 975 2 x 12 x 1050 115 200 Total 15 year cost 4 x 12 x 900 4 x 12 x 975 4 x 12 x 1050 3 x 12 x 1125 180 1900 Recall the pros and cons of buying a house and which conditions make it better to to purchase a home Also think about the pros and cons of renting a house and which conditions make it better to rent Use this information along with the total costs you found to answer the following prompts Make sure to write your answer in complete sentences Does renting or purchasing makes the most sense for the Bainters if they live in the house 1 year 5 years 10 years 15 years rom home Use mathematical