14 Winter 2023 Question 7 of 8 This test: 50 point(s) possible This question: 6 point(s) possible Submit test A property was purchased for $8086.00 down and payments of $1089.00 at the end of every three months for 8 years. Interest is 8% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing? . . . The purchase price of the property was $]. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)