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689,85you guys keep providing me wrong answers like what kind of experts do you guys have. the answer is not .1086 or 258,983. please take
689,85you guys keep providing me wrong answers like what kind of experts do you guys have. the answer is not .1086 or 258,983. please take your time to answer the question correctly
Tarnarisk Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,980,000 on March 1, $1,260,000 on June 1 , and $3,087,000 on Decernber 31 Tarnarisk Company borrowed $1,172,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%,5-year, $2,045,000 note payable and an 11%,4year,$3,472,000 note payable. Compute avoidable interest for Tarnarisk Company. Use the weighted-average interest rate for interest capitalization purposes. (RRound weightedaverage interest rate to 4 decimal places, eg 0.2152 and final answer to 0 decimal places, eg 5,275.) Avoidable interestStep by Step Solution
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