Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-ofyear payments of $7,000 for 12 years. The loan rate is 4%. At the end of 12 years, he believes that he can seli the land for $110,000 if he is correct on the futute price, did he make a wise investment? What is the future value of the loan 12 years from now? (Round to the nearest cent) istion 5 estion 6