Calculating Actual Interest and Weighted Average Interest Rate Weighted average accumulated expenditures are $720,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year. Construction loan $180,000 at 10% Note payable $950,000 at 8% Mortgage payable $270,000 at 12% a. Compute the total actual interest expense for the current year. $ 0 b. Compute the weighted average interest rate on the general debt. Enter the percent rounded to two digits after the decimal; enter 2.04 for 2.044% or 2.05 for 2.045%. 0 %