A property was purchased for $5026.00 down and payments of $1086.00 at the end of every six months for 6 years. Interest is 9 % 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 $