Norah borrows 12000 dollars from Zoie at a nominal rate of 6.9 percent convertible monthly, and agrees to make 20 equal monthly payments, the first coming in 9 months, to repay the loan. Immediately after Norah makes the 16th payment, Zoie sells the loan to Kate. If Kate's yield rate on the loan is 8.1 percent convertible monthly, how much did Kate pay Zoie for the loan?
Answer = dollars