Chrissie bought a Mercedes Benz when she came to LA as a County Judge. The Mercedes Benz was purchased by taking a loan that was to be paid off in 20 equal, quarterly payments. The interest rate on the loan was 12% per year with quarterly compounding. After four years, at the time that Chrissie made her 16th payment, she got married and sold the Mercedes Benz to her friend Victor. Victor made arrangements with Chrissie's bank to refinance the loan and to pay Chrissie's unpaid balance by making 16 equal quarterly payments at the same interest rate that Chrissie was paying. After 3 years, at the time that Victor made her 13th payment, Victor flunked out and sold the car to Jane. Jane paid the bank $3,000 cash to pay the loan balance. What was the amount of Chrissie's loan to purchase the Mercedes Benz when it was new?