Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Bonus Chapter D - Managing Personal Finances - Developing Workplace Skills - Page D-18: 1

Answer

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One group, for example, may find out that it is cheaper on the surface to buy rather than rent. Typically, in the long run, it is cheaper to buy, though for those frequently moving, closing costs and other costs associated with the purchase of a house may make renting a better option.
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