A property was purchased for quarterly payments of $1070.00 for 9 years. If the first payment was made on the date of purchase and interest is 5.57% compounded annually, what was the purchase price of the property?

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The Answer of A property was purchased for quarterly payments of $1070.00 for 9 years. If the first payment was made on the date of purchase and interest is 5.57% compounded annually, what was the purchase price of the property?

A Property Was Purchased for Quarterly Payments of $1070