A property was purchased for $9830.00 down and payments of $1200.00 at the end of every six months for 10 years. Interest is

12% per annum compounded 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.)