A property was purchased for $4354.00 down and payments of $1469.00 at the end of every month for 4 years. Interest is 6% per annum compounded quarterly. 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.)