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A property was purchased for $9772.00 down and payments of $993.00 at the end of every six months for 3 years. Interest is 3% per

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A property was purchased for $9772.00 down and payments of $993.00 at the end of every six months for 3 years. Interest is 3% per annum compounded monthly. 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.)

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