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Future value A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-ofyear paymenth of $7, 800 for

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Future value A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-ofyear paymenth of $7, 800 for 10 yeart. The loan rate is 4%. At the end of 10 years, ho beliovos that he can sell the land for $100,000. If he is correct on the future price, did he raks at wise invesiment? What is the future value of the loan 10 yoars from now? (Round to the nearest cent.)

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