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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 year mortgage of $ million. The annual interest rate on the mortgage is 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 years. Please show formulas
C At the end of the first year, what amount will Fulton include as "current maturities of longterm debt" on its balance sheet?
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