Manuel is purchasing property worth $1,270,000 with a down payment of $355,600 and monthly payments at the end of every month for 25 years. If the interest rate of 3.75% compounded semi- annually for the 25 years (a) What is the amount of each payment? Round the answer to the nearest cent. PAY CAY NE I/Y PV = $ PMT= $ FV = $ (b) What is the cost of financing? Round the answer to the nearest cent. Cost of financing = $ (enter a positive value) Manuel is purchasing property worth $1,270,000 with a down payment of $355,600 and monthly payments at the end of every month for 25 years. If the interest rate of 3.75% compounded semi- annually for the 25 years (a) What is the amount of each payment? Round the answer to the nearest cent. PAY CAY NE I/Y PV = $ PMT= $ FV = $ (b) What is the cost of financing? Round the answer to the nearest cent. Cost of financing = $ (enter a positive value)