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 semi-annually, what was the purchase price of the property?

Select one:

a. $ 30 133.57

b. $ 30 362.50

c. $ 29 933.78

d. $ 30 311.13

e. $ 30 553.48