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##
How can one perform lump sum payments?

**You can make lump-sum payments:**

- before the end of your term
- at the end of your term
- at certain times during your term
- on certain dates set out in your contract

## How do you calculate a lump sum?

**What is the formula for calculating present value interest?**

- Divide the future value by the present value. …
- Divide 1 by the number of periods you will leave the money invested. …
- Raise your Step 1 result to the power of your Step 2 result. …
- Subtract 1 from your result. …
- Multiply your result by 100 to calculate the interest rate as a percentage.

## When to make a lump sum mortgage payment?

**Start by asking:**

- Why Am I Interested In A Lump-sum Payment?
- What Are My Priorities?
- How Much Can I Afford?
- How Much Can I Put Towards A Lump-sum?
- Where Will This Money Come From?

## What is the difference between a lump sum and annuity?

**lump**

**sum**– Refers to a

**sum**of money that is paid all at once rather than in lesser sums on various occasions. For example; When an investor is willing to put all of his money into a mutual fund, this refers to as

**a lump**

**sum**mutual fund investment.

**Annuity**– An

**annuity**is

**a lump**

**sum**payment that one receives every year for the rest his or her life.