A property was purchased for $4880.00 down and payments of $1084.00 at the end of every three months for 7 years. Interest is 4% 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.)