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Toyota Motor Company, headquartered in Nagoya, Japan, has faced operating challenges. Concerns about the strength of the steel used in its vehicle manufacturing; falling quarterly

Toyota Motor Company, headquartered in Nagoya, Japan, has faced operating challenges. Concerns about the strength of the steel used in its vehicle manufacturing; falling quarterly sales in North America, its largest market; and where the yen is trading against the dollar all affect Toyotas bottom line. If Toyota had a 20,000 note at 2.5% interest for 340 days, what would Toyotas proceeds be if it discounted the note on day 215 at 4%?

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