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Fulton Corporatiom purchases new manufacturing facilites and assumes a 1 0 year mortgage of $ 4 million. The annual interest rate on the mortgage is

Fulton Corporatiom purchases new manufacturing facilites and assumes a 10 year mortgage of $4 million. The annual interest rate on 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. Use Excel to prepare a mortgage amortization schedule for 10 years. *Please show formulas*
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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