Euture value. A speculator has purchased land along the southem Oregon const. He has taken a loan with the end-of-year payments of $7,000 for 9 years. The loan rale is 5%. At th and of 9 years, his believes that he can sell the land for $60,000. It he is correct on the future price, did he make a wise investment? What is the future value of the loan 9 years from now? (Round to the nearest cent.)