A property was purchased for

$9127.00

down and payments of

$768.00

at the end of every

year

for

9

years. Interest is

9 %

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.)