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 11 years. The loan rate is 6%. At the end of 11 years, he believes that he can sell the land for $120,000. 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? (Round to the nearest cent.)