Future value.A speculator has purchased land along the southern Oregon coast.

Ci Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the endofyear payments of $7,000 for 9 years. The loan rate is 7%. At the end of 9 years, he believes that he can sell the land for $90,000. If 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? 55 (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 profit because the value of the land is less than the future value ofthe loan. 0 B. Yes. He will make a profit because the value of the land is greater 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. No. He will encounter a loss because the value of the land is less than the future value ofthe loan