Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. future value a speculator has purchased land along

Future value A speculator has purchased land along the southern Oregon coast. He has taken...

60.1K

Verified Solution

Question

Accounting

image
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 8 years. The loan rate is 7%. At the end of 8 years, he believes that he can sell the land for S80.000. 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? s (Round to the nearest cent)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Questions from Ch 2 of 9780763865061. I understand there is nosolution manual for that...

Statistics
1.2K views

Let X be the number of packages being mailed by a randomly selected customer at a...

Civil Engineering
1.2K views

Question 4 Travel time of a 4ha catchment of a residential land use (C10 = 0.32) in...

General Management
1.2K views

International Business Management Critical Thinking Exercise Should be at least 250 words. Total word count must be...

Physics
1.2K views

O 18 J O 28 J Read More n a thermodynamic process pressure of fixed...

Basic Math
1.2K views

The flag of Colombia is a rectangle that is 6 ft long with three horizontal...

Algebra
1.2K views

In my Tae Kwon Do class there a black belt four red belts one blue...

Algebra
1.2K views

01 08 HC Find the volume of a rectangular prism if the length is 2x...

Algebra
1.2K views

Which of the following is a solution of x 8x 27 O 4 i 11...

Algebra
1.2K views

1 Is the table below an example of inverse variation Justify your choice 2 pts...

Accounting
1.2K views

El inventario inicial, las compras y las ventas del artculo ER27 son los siguientes: ...

Accounting
1.2K views

Whispering Pines Realty, Inc. is owned by four individuals. Last year the following income items...