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

Q

25 A parallel beam of electrons travelling in x direction...

Physics
Q

What is a strategy for handling a confounder? a) None of the above b) Enroll all patients...

Statistics
Q

Please read the case and answer the questions thank you Groupon’s business model is based on the theory...

Operations Management
Q

People across the United States are fearful - and fed up- with crime. Dogs for protection,...

Psychology
Q

(1) An air track that is 2 meters long is raised by 2 cm on...

Physics
Q

Boston Consulting Group’s (BCG) now classic matrix, a company classifies each of its strategic business units. Please...

General Management
Q

Problem 8-2 The owner of Genuine Subs, Inc., hopes to expand the present operation by adding...

General Management
Q

Where is this type of tissue found located 2 Under epithelia Most of the digestive...

Biology
Q

Aiden claims that the diagonals of an isosceles trapezoid are always congruent but he provides...

Geometry
Q

Independent Practice/HomeworkFind the values of the six trigonometric functions for angle L.

Algebra
Q

How to account for pension plan freeze when a company is going to eliminate the...

Accounting
Q

A company needs a modern material handling system for facilitating access to and from a...

Accounting