Current Attempt in Progress

Blossom Corporation began constructing a new plant facility in $2025.$ The building is expected to be completed on October $1,2025.2025$ payments to the contractor are $$234,000$ on January $4,$$$288,000$ on April $1,$$$402,000$ on July $1$ and $$138,000$ on September $1.$ Blossom has secured a construction loan of $$550,000$ at $5\%$ interest on January $4,2025.$ Blossom has no other debt outstanding. What is the interest amount to capitalize?

Interest to capitalize

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