A property was purchased for $7126.00 down and payments of $787.00 at the end of every year for 4 years. Interest is 10% 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.)