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___ Shen'dan Service has a line of credit loan with the bank. The initial loan balance was $8000.00. Payments of $3000.00 and $4000.00 were made

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___ Shen'dan Service has a line of credit loan with the bank. The initial loan balance was $8000.00. Payments of $3000.00 and $4000.00 were made after three months and six months respectively. At the end of one year, Sheridan Service borrowed an additional $5000.00. Ten months later, the line of credit loan was converted into a collateral mortgage loan. What was the amount of the mortgage loan if the line of credit interest was 7% compounded monthly? @ The amount of the loan is $D. (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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