A property was purchased for $6691.00 down and payments of $1335.00 at the end of every three months for 6 years. Interest is 8% 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.)