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Applying Time Value of Money Concepts a . Determine the mortgage payment that Fulton Corporation must make each year. Round to the nearest dollar. q

Applying Time Value of Money Concepts

.

Determine the mortgage payment that Fulton Corporation must make each year.

Round to the nearest dollar.

.

Use Excel to prepare a mortgage amortization schedule for the

10

years.

.

At the end of the first year, what amount will Fulton include as "current maturities of long

-

term debt" on its balance sheet?

Round to the nearest dollar.

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