Mathematics, 25.01.2020 01:31, allisonzawodny3533

Miguel wants to buy a condominium. he has the choice of buying it now or renting it with the option to buy at the end of 3 years. if he buys it now, it will cost him $6,000 to close and his mortgage payment will be $726 per month. if he rents, he must pay a move-in cost of one month's rent and a security deposit of $2,000. miguel decides to rent because it is the cheapest option over the first 3 years. to the nearest dollar, what is the maximum amount of monthly rent payment he could pay?
a. $670
b. $782
c. $814
d. $837

Answers: 2

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Miguel wants to buy a condominium. he has the choice of buying it now or renting it with the option...