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

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Future value A speculator has purchased land along the southern Oregon Coast He has taken a loan with the end of-year payments of 57,600 for 8 years. The loan rate is 6% At the end of 8 years, he believes that he can sell the land for $60,000 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? $T (Round to the nearest cont)

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