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Present worth analysis to compare renting

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Use present worth analysis to compare renting vs. buying a house. If a house payment is $1000 per month (for 15 years at 4%), but an apartment has a rent of $600 per month, which is better?

Reference no: EM131400592

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Present worth analysis to compare renting : Use present worth analysis to compare renting vs. buying a house. If a house payment is $1000 per month (for 15 years at 4%), but an apartment has a rent of $600 per month, which is better?
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