A property was purchased for $9911.00 down and payments of $1453.00 at the end of every six months for 10 years. Interest is 10% per annum compounded annually. (Solve algebraically and using the TVM solver) (Round the final answer to the nearest cent. Round all intermediate values to six decimal places)

1. What was the purchase price of the property?

2. How much is the cost of financing?