1. 16. If a loan has a 10-year amortization period with a fixed interest rate, will the interest paid in the eighth year be equal to the interest paid in the fifth year?
2. 17.Which type of annuity does the monthly payments of a rental agreement form?
3. 18.With respect to when the balance will be paid off, does it matter when, in the term, a lump sum payment is made on the principal of a mortgage?
4. 19.Does skipping the 10^th mortgage payment have the same consequence to lengthening the amortization period as skipping the 35^th payment?
5. 20.Can loan payments form either a general annuity or a simple annuity?
6. 21.In loan amortization, does the ratio of principal to interest in each equal payment increase or decrease with time?
7. 22.Are the number of compoundings per year (conversions) and number of payments per year equivalent in a general annuity?
8. 23.Is there is a calculation for the future value of a perpetuity?
9. 24.In solving an ordinary general annuity calculation, what interest rate is used?
10. 25.For an ordinary annuity with semi-annual payments, if the payments began on April 1, 2012, when will the seventh payment be made?
11. 26.If the prevailing market interest rate increases, does the purchase price of an annuity decrease or increase?
12. 27.When calculating the future value of an annuity due, is the end date at the beginning or end of the last payment interval?
13. 28.For a given n, PMT and i, is the present value of a deferred annuity the same as the present value of an ordinary annuity?
14. 29. Does a portability clause in the mortgage agreement mean that a purchaser may acquire the existing mortgage?
15. 30. In a deferred annuity, is the original value or the future value used to calculate payments that commence at the end of the deferral period?