A) What is the future value of the loan 8 years from now?

B) Did he make a wise investment?

Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,200 for 8 years. The loan rate is 5%. At the end of 8 years, he believes that he can sell the land for $70,000. If he is correct on the future price, did he make a wise investment