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 five months and six months respectively. At the end of one year, Sheridan Service borrowed an additional

$4500.00. Six 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.)