121561
AssignmentMultiple Choice

Making Spending Decisions

Question 121561 • AA - F26 Personal Finance and Economics

What is the advantage of buying the house over renting the apartment?

Answer
A
Sasha’s monthly expenses would be less if she bought than rented.
B
The extra expenses in the mortgage payment cover all maintenance and repairs.
C
Sasha’s down payment will likely be less if she decided to buy.
D
Sasha will eventually own the home once the mortgage is paid off.

Explanation

When Sasha pays off a mortgage, she owns the home outright, so she no longer has mortgage payments and has an asset of her own. That is the main long-term advantage of buying over renting. The other choices are not guaranteed: buying can have higher monthly costs, mortgage payments do not cover all maintenance and repairs, and a down payment is usually a substantial upfront expense.

AI-written and checked against the verified answer.

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