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Help me solve these two questions with explanations . Suppose you are deciding whether you should rent or buy. Your current rent per month is $800,...

Help me solve these two questions with explanations

. Suppose you are deciding whether you should rent or buy. Your current rent per month is $800, which includes all utilities and taxes. You have saved up $200,000, which is earning you an interest income of $400 a month. With a $200,000 house, you would need to pay $300 a month on property tax, and utilities for $200. For simplicity, assume that you break even when you sell the house one day. Should you rent or buy? 

(a) Buy, because you save $300 per month.

(b) Buy, because you save $100 per month.

(c) Rent, because you save $300 per month.

(d) Rent, because you save $100 per month. 


Which of the following would be considered as longitudinal data?

(a) The annual mortgage payments of Anna, Ben and John between 2005 and 2010.

(b) Inflation rates between 1990 and 2010.

(c) The rise in the cost of living over the past five years.

(d) The income and gasoline consumption of 1,000 residents in Montreal in 2012. 

Top Answer

a) Rent because you will save $100 per month... View the full answer

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