Answer:
weighted average interest rate 10.61 %
Explanation:
construction capitalized interest
mar-01 1,848,000.00 x 10/12 1,540,000.00
jun-01 1,248,000.00 x 7/12 728,000.00
dic-31 30,198,800.00 x 0 <u> - </u>
capitalization 2,268,000.00
especific borrowings
$1,038,290 note at 13% = 134977.7
capitalziation through non-specifit borrowings
2,268,000 - 1,038,290 = 1,229,710.00
average rate
loan rate interest
2,241,900 10% 224,190
3,500,300 11% 385,033
5,742,200 609,223
average rate: 609,223/5,742,200 = 0.106095747
capitalized from non-specific:
1,229,710 x 10.61% = 130,467.00
total interest capitalized =
134,977.7 + 130,467 = 265,444.70
