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32 Homework. Unanswered. Due Today, 10:00 AM Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures
32 Homework. Unanswered. Due Today, 10:00 AM Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,400,000 on March 1, $5,280,000 on June 1, and $8,000,000 on December 31. Arlington Company borrowed $3,200,000 on January 1 on a 5- year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable. What is the actual interest for Arlington Company? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $2,344,000 b $2,376,000 $1,960,000 d $939,220
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