Part 1 (25 points) - Acme Manufacturing is considering pursuing debt to help it finance some of its new capital expenditures. To help the company assess whether or not it can afford the debt, Acme wishes to develop an amortization schedule for the new debt that it is contemplating. Details on the debt are highlighted below:

Loan Term: 10 Years

Payment Terms: Monthly at the end of the month

Initial Principal Amount: $7,500,000

Interest Rate: 5.25% annualized

Develop an Amortization schedule for this particular loan. The schedule must show all payments associated with the loan.