The Fritzes are buying a house that sells for $119,000. The bank is requiring a minimum down payment of 20%. To obtain a 40-year mortgage at 8.0% interest, they must pay 4 points at the time of closing. a) Determine the required down payment. b) Determine the amount of the mortgage on the property with the 20% down payment. c) Find the cost of 4 points on the mortgage. a) The required down payment is $

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