Business, 21.11.2019 06:31 Nprz84

Tamarisk company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $4,140,000 on march 1, $2,760,000 on june 1, and $6,900,000 on december 31.tamarisk company borrowed $2,300,000 on march 1 on a 5-year, 12% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $4,600,000 note payable and an 11%, 4-year, $8,050,000 note payable. compute avoidable interest for tamarisk company. use the weighted-average interest rate for interest capitalization purposes. (round "weighted-average interest rate" to 4 decimal places, e. g. 2.5125 and final answer to 0 decimal places, e. g. 5,275.)avoidable interest $=

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