Business Math

| January 25, 2016
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 ¥20,300 note at 1.5% interest for 330 days, what would Toyota’s proceeds be if it discounted the note on day 220 at 2%

 

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Assignment 2

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