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Unformatted text preview: Loans Outstanding During Construction Period Principal Actual Interest *14.5% five-year note $2,000,000 $290,000 12% ten-year bond 3,000,000 360,000 $5,000,000 $650,000 Total interest $650,000 Total principal = $5,000,000 = 13% (weighted-average rate) (c) (1) and (2) Total actual interest cost $650,000 Total interest capitalized $195,000 Total interest expensed $455,000...
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This note was uploaded on 06/06/2010 for the course ACCOUNTING ac505 taught by Professor Khan during the Spring '10 term at DeVry Fremont.
- Spring '10