Business, 12.02.2020 03:56, daydallas01

Agasse Industries began construction of a new facility and took out a $1,500,000, 10% construction loan on April 1, 2021. Agasse made payments to the general contractor of $409,000 on April 1, $909,000 on August 31, and $509,000 on December 31.
Required:
Compute the amount of interest the Agasse would capitalize in 2021.

Answers: 3

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Agasse Industries began construction of a new facility and took out a $1,500,000, 10% construction l...