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At what purchase price would you be better off renting

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Question - You have found your dream house and you have the choice between renting it with a lease in perpetuity (for Rs100 000 for first year and the rent increases by 3% per year) or buying it. At what purchase price would you be better off renting if the loan you needed to buy the house costs you 7%?

Reference no: EM133021745

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