Question: UNIT 7 LAB ASSIGNMENT July 1, 1,605,000; and October 1, 560,000. Excess funds from the construction loans were invested during the period and earned 16,200

UNIT 7 LAB ASSIGNMENT July 1, 1,605,000; and October 1, 560,000. Excess funds from the construction loans were invested during the period and earned 16,200 of investment income. Compute the amount of borrowing costs to be capitalized for this project. (Use interest rates rounded to 2 decimal places, e.g. 7.58% for computational purposes and round final answers to 0 decimal places, e.g. 5,275.) Borrowing costs

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