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(1 point) Steve bought a boat worth $2300 and signs a 60-day non-interest bearing note to pay the dealer. The dealer sells the note on

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(1 point) Steve bought a boat worth $2300 and signs a 60-day non-interest bearing note to pay the dealer. The dealer sells the note on the same day, to a bank that discounts it at 9% simple interest. How much profit did the dealer make if the boat cost $17507 Answer: $ 515.973

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