3. Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,800 for 10 years. The loan rate is 4%. At the end of 10 years, he believes that he can sell the land for $80,000. If he is correct on the future price, did he make a wise investment? What is the future value of the loan 10 years from now? $ (Round to the nearest cent.) If he is right on the future price, did he make a wise investment? (Select the best response.) OA. No. He will encounter a loss because the value of the land is less than the future value of the loan. O B. Yes. He will make a profit because the value of the land is less than the future value of the loan. C. Yes. He will make a profit because the value of the land is greater than the future value of the loan. OD. No. He will encounter a loss because the value of the land is greater than the future value of the loan