Client/server Describes a Networked Computing Model That Distributes Processes Between

question 24

True/False

Client/server describes a networked computing model that distributes processes between computers that request services and computers that provide services.

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Definitions:

Effective Rate

The actual interest rate on an investment or loan, taking into account the compounding of interest, as opposed to the nominal rate.

Monthly Rate

The interest rate or any other rate measured over the period of one month, often expressed as a percentage per month.

Principal

The person (client) for whom a service is performed. Amount that is borrowed using credit.

Second Mortgage

A type of subordinate mortgage made while an original mortgage is still in effect, securing the collateral by the same property.