Question: Problems - show all work for full credit!! 1. Anita Mann borrowed a sum of money for six months. At maturity, she wrote a check

Problems - show all work for full credit!! 1. Anita Mann borrowed a sum of money for six months. At maturity, she wrote a check for $12,500 to repay both the amount borrowed and the interest. If the interest rate was 9% compounded monthly, what was the amount borrowed? 5 pts

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