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Applying Time Value of Money Concepts Fulton Corporation purchases new manufacturing lion. The annual interest rate o 7-43. facilities and assumes a 10-year mortgage of

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Applying Time Value of Money Concepts Fulton Corporation purchases new manufacturing lion. The annual interest rate o 7-43. facilities and assumes a 10-year mortgage of $4 mil- n the mortgage is 5.5% and payments are due at the end of each year. a. Determine the mortgage payment that Fulton Corporation must make each year b. U se Excel to prepare a mortgage amortization schedule for the 10 years. c. At the end of the first year, what amount will Fulton include as "current maturities of long-term debt" on its balance sheet

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