A property was purchased for $7730.00 down and payments of $1281.00 at the end of every month for 7 years. Interest is 7% 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.)