A couple tries to decide between renting or buying a house. They could buy a new house with a down payment of $15,000, and monthly payments of $750 starting one month later. Taxes and insurance are expected to be about $100 a month. Otherwise, they would have to paint the house every 4 years at a cost of $600, which would be paid back when the house is vacated. Services are estimated at $135 per month, whether you lease or buy. If they expect to be able to sell the house for $10,000 more than they pay for it in 6 years, should they buy or lease if the nominal annual interest rate is 12% compounded monthly? Use present value analysis