Business
Business, 15.01.2020 21:31, Aracelys3946

Sunland company borrowed $1,028,960 on march 1 on a 5-year, 12% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $2,013,900 note payable and an 11%, 4-year, $3,826,400 note payable. compute the weighted-average interest rate used for interest capitalization purposes.

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