What is the future value of the loan

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Future value.

What is the future value of the loan 10 years from? now?

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 10 years. The loan rate is 7?%. At the end of 10 ?years, he believes that he can sell the land for ?$90,000. If he is correct on the future? price, did he make a wise? investment?

Reference no: EM132816175

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