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Show Attempt History Current Attempt in Progress Skysong Furniture County started construction of a combination office and warehouse building for its wmuse at an estimated
Show Attempt History Current Attempt in Progress Skysong Furniture County started construction of a combination office and warehouse building for its wmuse at an estimated cost of $8.500.000 on January 1, 2020. Skysore expected to complete the building by December 31, 2020 Skyson has the following debt obligations outstanding during the construction period. Construction loan 10% interest payable semiannually issued December 31, 2019 $3,000,000 Short-term loan-8% interest, ble monthly principal payable at maturity on May 30, 2021 2,380,000 Long-teman-9% Interest, ble on January of each year. Principal payable on January 1, 2024 L700.000 X Your answer is incorrect Assume that Skyrore completed the office and warehouse building on December 31, 2020, in planned at a total cost of $8.840,000, the weighted amount of accumulated expenditures war $120,000. Compute the voidable interest on this project. Usein robes Founded to 2 decimal places.7.58for computational purposes and round Analonswers to decimal places, 5275 DOLL B N
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