Question: Answer all please Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of
Answer all please


Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,000 for 12 years. The loan rate is 7%. At the end of 12 years, he believes that he can sell the land for $110,000. If he is correct on the future price, did he make a wise investment? ..... What is the future value of the loan 12 years from now? $ (Round to the nearest cent.) Future value. Jack and Jill are saving for a rainy day and decide to put $60 away in their local bank every year for the next 30 years. The local Up-the-Hill Bank will pay them 6% on their account. a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 30 years? b. Unfortunately, Jack had an accident in which he sustained head injuries after only 10 years of savings. The medical bill has come to $800. Is there enough in the rainy-day fund to cover it? a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 30 years? $ (Round to the nearest cent.)
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