Personal Finance 1 Worksheet 10

Personal Finance 1 Worksheet 10 - W10 WORKSHEET FOR THE...

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W10 1 year 7 years a. Total monthly rent costs (monthly rent ____ x 12 months x no. years) a. $9,800 a. $68,600 b. Total renter's insurance (annual renter's insurance ____ x no. years) + b. $250 + b. $1,750 c. After-tax opportunity cost of interest lost because of having to make a security deposit (security deposit of ____ x after-tax rate of return of ____ x no. years) + c. $90 + c. $630 d. Total cost of Renting (lines a + b + c) = d. $10,140 = d. $70,980 e. Total mortgage payments (monthly payments ____ x 12 months x no. years) e. $7,044 e. $49,308 f. Property taxes on th new house (property taxes of ____ x no. years + f. $2,200 + f. $15,400 g. Homeowner's insurance (annual insurance premium ____ x no. years) + g. $600 + g. $4,200 h. Additional operationg cost beyond those of renting: Maintenance, repairs, and any additional utilities and heating costs (additional annual operating costs ____ x no. years) + h. $500 + h. $3,500 i. After-tax opportunity cost of interest lost because of having to make
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This note was uploaded on 07/31/2011 for the course NUTRITION 101 taught by Professor Zahora during the Spring '11 term at Gardner-Webb.

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