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 11 years. The loan rate is 4%. At the end of 11 years, he believes that he can sell the land for $80,000. If he is correct on the future price, did he make a wise investment? What is the future value of the loan 11 years from now? 277076.73 (Round to the nearest cent.)