Data Does Not Lie

question 97

True/False

Data does not lie.Sometimes users of data manipulate or misread it.

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Definitions:

Calgary Real Estate Board

An industry association in Calgary, Alberta, that provides resources and support to real estate professionals.

Compound Increase

An increase where interest is calculated on the initial principal and also on the accumulated interest of previous periods.

Compounded Semiannually

The process of computing interest twice yearly and adding it to the principal sum, affecting the total amount earned or paid.

Residential Mortgage Loan

A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.