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Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,600 for 9

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Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,600 for 9 years. The loan rate is 6%. At the end of 9 years, he believes that he sell the land for $70,000. If he is correct on the future price, did he make a wise investment

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