A speculator has purchased land along the southern oregon, Ask an Expert

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A speculator has purchased land along the southern Oregon coast. He has taken a loan with the? end-of-year payments of ?$8 comma 000 for 9 years. The loan rate is 6 ?%. At the end of 9 ?years, he believes that he can sell the land for ?$90 comma 000 .

If he is correct on the future? price, did he make a wise? investment? What is the future value of the loan 9 years from? now?

?(Round to the nearest? cent.)

If he is right on the future? price, did he make a wise? investment?

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Category:- Financial Management
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