Client #19 Kit and Kendry have obtained a 25-year $210,000 conventional mortgage at a 4.85% rate on a house selling for $260,000. Their monthly mortgage payment, including principal and interest, is $1,209.36. They also pay 2 points at closing. a. (1 pt) First determine the problem type by clicking the appropriate box (if you are doing this in Word) or put an "X" in the appropriate box. Percent problem Simple Interest Compound Interest Present Value Needed Ordinary Annuity Sinking Fund Mortgage Principal and Interest Payment b. (2 pt) Determine the total amount that Kit and Kendry will pay for their house. Show all steps. I c. (pt) Determine how much of the cost will be interest (including the 2 points). Show all steps. d. (2 pt) Determine how much of the first payment is applied to the principal. Write out 1) the correct formula with variables (eg. A, P., etc.), and 2) the correct formula with the numerical values. Round your answer to the nearest cent. Round up to the next cent for sinking funds