Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

value: 3 from watching the video, what do you have to do with the money…

Question

value: 3
from watching the video, what do you have to do with the money that you dont use on a down payment in order for renting to be better than buying?
a. invest the money
b. put it out in cash
c. buy a car
d. none of the above

Explanation:

Brief Explanations

To make renting financially better than buying, the funds not used for a down payment need to generate returns that outpace the equity and potential appreciation of a purchased home. Investing this money is the only option that can create such returns, while holding cash, buying a car, or none of the above do not achieve this goal.

Answer:

a. invest the money