22. A property was purchased for $3840.00 down and payments of $922.00 at the end of every year for 4 years. Interest is 7% per annum compounded semi-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.)