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Toyota Motor Corporation has faced tough times after losing production due to natural disasters. This, coupled with the yen's appreciation against the dollar, has Toyota

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Toyota Motor Corporation has faced tough times after losing production due to natural disasters. This, coupled with the yen's appreciation against the dollar, has Toyota anticipating net profits 51% lower than last year. If Toyota had a 20,800 note at 3.5% interest for 350 days, what would Toyota's proceeds be if it discounted the note on day 235 at 3%? (Use 360 days a year. Round your final answer to the nearest yen.) Proceeds D

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