Chrome File Edit View History Bookmarks People Tab Window Help Co 100% Wed 1:25 AM Q E X CH 12 HW * OCH 10 HW X C Alcide Mining Company Purcha x C Exercise 11-16 Presented Belox N Netflix x + bcourses.ucf.edu/courses/1345665/assignments/6489799 S Built Google Docst Q Quizlet FOUNDATION | Knights Mail Financial Edge NXT Google Sheets View Policies Show Attempt History Current Attempt in Progress nts Concord Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $2,500,000 on January 1, 2020. Concord expected to complete the building by December 31, 2020. Concord has the following debt obligations outstanding during the construction period. ounting dates Construction loan-12% interest, payable semiannually, issued December 31, 2019 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2021 Long-term loan-11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 $1,000,000 700,000 500,000 Support punting dates excel Con- ess X Your answer is incorrect. Support Assume that Concord completed the office and warehouse building on December 31, 2020, as planned at a total cost of $2,600,000, and the weighted average amount of accumulated expenditures was $1,800,000. Compute the avoidable interest on this project. (Use interest rates rounded to 4 decimal places, e.g. 7.5825% for computational purposes and round final answers to 0 decimal places, e.g. 5,275.) ning Avoidable Interest $ 203280 e Textbook and Media Assistance Used Save for later Attempts: 2 of 4 used Submit