In Most States,the Seller of a New House Warrants That

question 32

True/False

In most states,the seller of a new house warrants that it is fit for habitation even if the deed does not include such a warranty.

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Definitions:

Present Value

A calculation that determines the current worth of a future sum of money or stream of cash flows, given a specific rate of return.

Annuity

A fiscal product offering a consistent payout pattern, mainly aimed at supplying funds for individuals in retirement.

Discount Rate

In DCF analysis, the interest rate employed to find out the present value of cash flows expected in the future.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.