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7. Toyota Motor Company, headquartered in Nagoya, Japan was challenged in 2017 according to Reuters. Concerns about the strength of the steel used in

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7. Toyota Motor Company, headquartered in Nagoya, Japan was challenged in 2017 according to Reuters. Concerns about the strength of the steel used in its vehicle manufacturing; failing quarterly sales in North America, its largest market; all where the yen is trading against the dollar all effect Toyota's bottom line. If Toyota had a 20,000 note at 2.5% interest for 340 days. What would Toyota's proceeds be if it discounted the note on day 215 at 4% (round to the nearest yen for each answer).

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