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Desert Company is building a new manufacturing facility. The following occurred during the same year: -On February 1st, Desert took out a $1 million
Desert Company is building a new manufacturing facility. The following occurred during the same year: -On February 1st, Desert took out a $1 million 4% loan to fund the construction project -On February 1st, Desert made its first payment to the construction company in the amount of $250,000 -On January 15th, construction began Construction on the manufacturing facility was complete on October 31st. How many months long is the capitalization period?
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