A speculator has purchased land along the southern Oregon coast. He has taken a loan with the

Future vafue. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $8,000 for 10 years. The loan rate is 8%. At the end of 10 years, he believes that he can sell the land for $120,000. If he is correct on the future price, did he make a wise investment? What is the future value otthe roan loyears from new? SD (Round to the nearest cent.) If he is right on the future price, did he make a wise investment? (Select the best response.) 0 A. Yes. He will make a prot because the value of the land is greater than the future value of the loan. 0 B. No. He will encounter a loss because the value of the land is less than the future value of the loan. 0 C. No. He will encounter a loss because the value of the land is greater than the future value of the loan. 0 D. Yes. He will make a prot because the value of the land is less than the future value of the loan. Click to select your answerts). 6