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Calculating Actual Interest and Weighted Average Interest Rate Weighted average accumulated expenditures are $200,000 on...

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Calculating Actual Interest and Weighted Average Interest Rate Weighted average accumulated expenditures are $200,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year. Construction loan $50,000 at 10% Note payable $200,000 at 8% Mortgage payable $75,000 at 12% a. Compute the total actual interest expense for the current year. $ 17,000 b. Compute the weighted average interest rate on the general debt. Round percentages to two decimal places (for example, enter 2.05 for 2.04555%). 10 X %

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