1. 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?
2. Does skipping the 10th mortgage payment have the same consequence to lengthening the amortization period as skipping the 35th payment?
3. Are the number of compounding per year (conversions) and number of payments per year equivalent in a general annuity?
4. In solving an ordinary general annuity calculation, what interest rate is used?