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Sheridan Service has a line of credit loan with the bank. The initial loan balance was...

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 nine months respectively. At the end of one​ year, Sheridan Service borrowed an additional ​$5000.00. Nine 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 7​% compounded monthly?

The amount of the loan is $?

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