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pls help = Homework: 11- Sim... Question 12.9.2.16 HW Score: 70%, 14 of 20 points Points: 0 of 1 Save Sheridan Service has a line
pls help = Homework: 11- Sim... Question 12.9.2.16 HW Score: 70%, 14 of 20 points Points: 0 of 1 Save Sheridan Service has a line of credit loan with the bank. The initial loan balance was 57000.00. Payments of $2500.00 and $3500.00 were made after four months and nine months respectively. At the end of one year, Sheridan Service borrowed an additional 4000.00. Nine months later, the line of credit loan was converted into a colateral mortgage loan What was the amount of the mortgage loan if the line of credit interest was 5% compounded monthly? The amount of the loan is (Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as needed On Wwe Help me solve this View an example Print Clear all Check
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