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 comma 200 for 8 years. The loan rate is 7 %. At the end of 8 years, he believes that he can sell the land for $80 comma 000 . If he is correct on the future price, did he make a wise investment? What is the future value of the loan 8 years from now? $nothing (Round to the nearest cent.)