After observing that the interest rate on the Japanese Yen is much higher than the interest rate on the US dollar, a Japanese investor decides to borrow USD, converts to JPY to invest in a Japanese term deposit. On 1st April 2021, the investor borrows 10 million USD for 1 year at the rate of 0.5% p.a. to invest in the Japanese term deposit which pays 3% p.a. The USD/JPY exchange rate on 1st April 2021 is 112.97-03. With 1 million USD, how much Japanese Yen the investor is able to get? (Please show relevant working steps)