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Given the following, determine the total interest carried during construction: Total Project Value: $7,474,602 LTVR: 80% Interest Rate: 4.36% Percent Complete this Period: Draw 1
Given the following, determine the total interest carried during construction: Total Project Value: \$7,474,602 LTVR: 80% Interest Rate: 4.36% Percent Complete this Period: Draw 1 10.6\% Draw 2 8.25\% Draw 3 6.6\% Draw 4 5.2\% Draw 5 9.22\% Draw 6 9.7\% Draw 7 10.77\% Draw 8 6.5\% Draw 98.5% Draw 107.76% Draw 11 8.9\% Draw 128% Provide your answers without dollar signs and commas, please provide two significant digits
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