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Sheridan Service has a line of credit loan with the bank. The initial loan balance was $9000.00. Payments of $3500.00 and $4000.00 were made after

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Sheridan Service has a line of credit loan with the bank. The initial loan balance was $9000.00. Payments of $3500.00 and $4000.00 were made after five months and seven months respectively. At the end of one year, Sheridan Service borrowed an additional $5000.00. Eight 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.)

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