Sheridan 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 nine months respectively. At the end of one year, Sheridan Service borrowed an additional $4500.00. Five 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 6% compounded Monthly.

The amount of loan is $______ ???

Please provide with the correct answer