Sherdan Service has a line of credit loan with the bank. The initial loan balance was $8000.00 Payments of $3000.00 and 5400000 were made ater four months and eight months respectively. At the end of one year, Sheridan Service borrowed an additional 55000.00. Seven 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 8% compounded monthly The amount of the loan is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) Enter your answer in the answer to This course Business Fiches based on care Type here to search To 2 Who Se