Fulton Corporation purchases new manufacturing facilities and assumes a 10 year mortgage of $3 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. Round to the nearest dollar. $Answer 0 b. Use Excel to prepare a mortgage amortization schedule for the 10 years. To access an Excel template, click the following link: mortgage amortization schedule c. At the end of the first year, what amount will Fulton include as "current maturities of long-term debt" on its balance sheet

6x 2.54 is 15.24, answer is c

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.