In 2008,The Climate Group Found That the Information and Communications

question 28

True/False

In 2008,The Climate Group found that the information and communications technology (ICT)is a minor sector in the struggle to reduce climate warming.

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Definitions:

Effective Annual Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate, including any compounding that occurs during the year.

APR

Annual Percentage Rate, a measure that reflects the annualized cost of borrowing including interest and other fees, making it easier to compare different financial products.

Rate of Compounding

The frequency with which interest is added to the principal balance of an investment, which can significantly affect the total interest earned or paid.

Ordinary Annuity

A series of equal payments made at regular intervals over a specified period of time.