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Fulton Corporations purchases new manufacturing facilities and assumes a 10 year montare 2 million. The annual interest rate in the more and play due the
Fulton Corporations purchases new manufacturing facilities and assumes a 10 year montare 2 million. The annual interest rate in the more and play due the end of each year a. Determine the mortgage payment that Fulton Corporation must make cach year. Round to the nearest doller $0 Use Excel to prepare a mortgage amortation schedule for the 10 years To access an Excel template, dick the following link mortgage amortization schedule c. At the end of the first year what amount wil Fulton include as current maturities and debt on its balance sheet? Round to the nearest dollar Check E7-43 Mortgage Amortization Schedule 1. Enter Rate, per number of total mortgage payments), and (PV) mortgage amount (PV). Enter PV amount as a crative number 2. To compute PMT, click on Formulas tab, clickinsen Function, select PMT and enter values Hate: Nper PV DMT: Interest at 5.5 on Balance Owing Annual Payment Principal Reduction Balance Owing Year 0 1 2 $0.00 3 4 S 6 7 8 9 - 10
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