A property was purchased for $6268.00 down and payments of $795.00 at the end of every month for 5 years. Interest is 12% 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 S (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.)