Sheridan Service has a line of credit loan with the bank. The initial loan balance was $8000.00. Payments of $3000.00 and $3500.00 were made after five months and eight months respectively. At the end of one year, Sheridan Service borrowed an additional $4500.00. 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 9% 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.) 3 The lawyer for a credit union member has sent a cheque for $2746.12 in full settlement of the member's loan balance including simple interest at 3-% for 6 4 months. How much of the payment is interest? The amount of the payment that is interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) For a sum of money invested at 6.4% compounded semi-annually for 5 years state the following values. (a) the number of compounding periods (b) the periodic rate of interest (c) the compounding factor (1 + i)" (d) the numerical value of the compounding factor (a) The number of compounding periods is (Type an integer or a decimal.) Find the present value and the compound discount of $4796.03 due 8.5 years from now if money is worth 4.7% compounded semi-annually. The present value of the money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)