A property was purchased for $5497.00 down and payments of $806.00 at the end of every six months for 6 years. Interest is 7% 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.)