A property was purchased for $4395.00 down and payments of $948.00 at the end of every year for 10 years. Interest is 12% 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.)

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.