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Question 7 (of 23) Agasse Industries began construction of a new facility and took out a $1,500,000, 12% construction loan on April 1, 2016. Agasse

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Question 7 (of 23) Agasse Industries began construction of a new facility and took out a $1,500,000, 12% construction loan on April 1, 2016. Agasse made payments to the general contractor of $418,000 on April 1, $918,000 on August 31, and $518,000 on December 31 Compute the amount of interest that Agasse would capitalize in 2016. (Do not round intermediate calculations.) S 686,668 0 OO0 FA FI F5 8 2 4

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