Concord Inc. is a book distributor that had been operating in its original facility since $1995.$ The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of $15\%$ for Concord since $2020.$ Concord's original facility became obsolete by early $2025$ because of the increased sales volume and the fact that Concord now carries DVDs in addition to books.

On June $1,2025,$ Concord contracted with Black Construction to have a new building constructed for $$4,400,000$ on land owned by Concord. The payments made by Concord to Black Construction are shown in the schedule below.

$\backslash$table$[[\frac{1}{c}$ Date,,Amount$],[$July $30,2025,,$$$990,000$