### TED Theater, Soho, New York

Tuesday, September 24, 2019
New York, NY

## The Event

As part of Global Goals Week, the Skoll Foundation and the United Nations Foundation are pleased to present We the Future: Accelerating Sustainable Development Solutions on September 21, 2017 at TED Theater in New York.
The Sustainable Development Goals, created in partnership with individuals around the world and adopted by world leaders at the United Nations, present a bold vision for the future: a world without poverty or hunger, in which all people have access to healthcare, education and economic opportunity, and where thriving ecosystems are protected. The 17 goals are integrated and interdependent, spanning economic, social, and environmental imperatives.
Incremental change will not manifest this new world by 2030. Such a shift requires deep, systemic change. As global leaders gather for the 72nd Session of the UN General Assembly in September, this is the moment to come together to share models that are transforming the way we approach the goals and equipping local and global leaders across sectors to accelerate achievement of the SDGs.

Together with innovators from around the globe, we will showcase and discuss bold models of systemic change that have been proven and applied on a local, regional, and global scale. A curated audience of social entrepreneurs, corporate pioneers, government innovators, artistic geniuses, and others will explore how we can learn from, strengthen, and scale the approaches that are working to create a world of sustainable peace and prosperity.

Meet the

# Speakers

Click on photo to read each speaker bio.

Amina

### Mohammed

Deputy Secretary-General of the United Nations

Astro

### Teller

Captain of Moonshots, X

Catherine

### Cheney

West Coast Correspondent, Devex

Chris

Debbie

### Aung Din

Co-founder of Proximity Designs

Dolores

### Dickson

Regional Executive Director, Camfed West Africa

Emmanuel

### Jal

Musician, Actor, Author, Campaigner

Ernesto

### Zedillo

Member of The Elders, Former President of Mexico

Georgie

### Benardete

Co-Founder and CEO, Align17

Gillian

### Caldwell

CEO, Global Witness

Governor Jerry

### Brown

State of California

Her Majesty Queen Rania

Jordan

Jake

### Wood

Co-founder and CEO, Team Rubicon

Jessica

### Mack

Senior Director for Advocacy and Communications, Global Health Corps

Josh

### Nesbit

CEO, Medic Mobile

Julie

### Hanna

Executive Chair of the Board, Kiva

Kate Lloyd

### Morgan

Producer, Shamba Chef; Co-Founder, Mediae

Kathy

### Calvin

President & CEO, UN Foundation

Mary

### Robinson

Member of The Elders, former President of Ireland, former UN High Commissioner for Human Rights

Maya

### Chorengel

Senior Partner, Impact, The Rise Fund

Dr. Mehmood

### Khan

Vice Chairman and Chief Scientific Officer, PepsiCo

Michael

### Green

CEO, Social Progress Imperative

### Yunus

Nobel Prize Laureate; Co-Founder, YSB Global Initiatives

Dr. Orode

### Doherty

Country Director, Africare Nigeria

### Muthiah

CEO, Global Alliance for Clean Cookstoves

Rocky

### Dawuni

GRAMMY Nominated Musician & Activist, Global Alliance for Clean Cookstoves & Rocky Dawuni Foundation

Safeena

### Husain

Founder & Executive Director, Educate Girls

Sally

### Osberg

President and CEO, Skoll Foundation

Shamil

### Idriss

President and CEO, Search for Common Ground

Main venue

### TED Theater

Soho, New York

330 Hudson Street, New York, NY 10013

#### Email

wtfuture@skoll.org

Due to limited space, this event is by invitation only.

## Save the Date

The annual percentage rate (APR) of a loan is the total amount of interest you pay each year represented as a percentage of the loan balance. All lenders have to tell you what their APR is before you sign a credit agreement. A great resource for comparing both APR and APY rates on a mortgage is a mortgage calculator. APR stands for annual percentage rate in reference to a credit card. The interest rate is the amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets. Let's say you borrow $100 at 10% APR. Definitions of APR outside of the United States may be quite different. “What Is the Difference Between a Mortgage Interest Rate and an APR?” Accessed April 2, 2020. Variable-rate loans are risky because you might think you can afford to borrow given today’s rate, but you may end up paying a lot more than you expected. A credit card APR is the price you pay to borrow money and it reflects those costs over one year. In other words, they rise with interest rates on savings accounts and other types of loans.﻿﻿ But your interest rate can also increase as part of a “penalty” (whether you have a variable APR or not). Accessed Aug. 12, 2020. But if you have a balance left after the 0% APR promotional period is over, then you'll have to pay a high interest rate on what's left.﻿﻿, These 0% APR offers can help you save money on interest, but you may still pay other fees to borrow. Banks also charge high-rate penalty APRs to customers for late payments or violating other terms of the cardholder agreement. The court docket shows CC#2 APR. This is for a court hearing. Note that some credit cards divide by 360 days instead of 365 days.﻿﻿. An APR may not reflect the actual cost of borrowing because of the fees that are included or excluded. If an individual borrows$10,000, their interest for one month is 1% of the balance or $100. Here’s what a personal loan is, how it works, and how to use one. Usually it stands for Annual Percentage Rate (used to calculate the amount of interest charged on the balance of a credit card or loan). ﻿ ﻿ For example, if a credit card has an APR of 10%, you might pay roughly$100 annually per $1,000 borrowed. “You Could Still End Up Paying Interest on a Zero Percent Interest Credit Card Offer.” Accessed April 4, 2020. Association de Prospective Rhénane (French development network) APR. While the terms APR and interest rate are … It is supposed to be an apples-to-apples way to compare all of the costs of your loan: interest costs, closing costs, mortgage insurance, and all of the other fees you might pay to get a home loan. The APR, however, is the more effective rate to consider when comparing loans.The APR includes not only the interest expense on the … Bank of America. Because the interest rate on an ARM is uncertain once the fixed-rate period is over, APR estimates can severely understate the actual borrowing costs if mortgage rates rise in the future. Consumer Financial Protection Bureau. Credit cards, on the other hand, are unsecured loans, so you have to pay more as a result of the increased risk.﻿﻿, Your borrowing history is an important part of any lending decision. : How Your Credit Card APR and Interest Charges Are Determined." In another example, XYZ Corp. offers a credit card that levies interest of 0.06273% daily. Sports. But in reality, you’ll probably pay more than$10. Consumer Financial Protection Bureau. Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings. The Accreditation in Public Relations (APR), Accreditation in Public Relations and Military Communications (APR+M), and Certificate in Principles of Public Relations are voluntary certifications in the USA for persons working in the field of public relations (PR) … Credit Card Insider receives compensation from … Can a Balance Transfer Fee Be Charged on a Zero Percent Interest Rate Offer?” Accessed Jan. 16, 2020. Lenders are required to disclose the APR they’re charging you before you finalize a loan. A lender may charge one APR for purchases, another for cash advances, and yet another for balance transfers from another card. With installment loans, the APR incorporates the interest the bank, credit union or finance company charges, plus fees and other costs. APR stands for annual percentage rate and tells you the cost of borrowing money on an annualized basis. Typically, your issuer will clearly list each type of APR — purchase APR, balance transfer APR, etc. It’s helpful to consider two main things about how APR works: how it’s applied and how it’s calculated. When shopping for nonqualified loans, you may have across the annual percentage rate or APR. APY includes these small shifts in interest expenses due to compounding, while APR does not. An APR tends to be higher than a loan’s nominal interest rate. My son does have a MTR Probation so that would be what this stands for. Compound interest is the interest on a loan or deposit calculated based on both the initial principal and and the accumulated interest from previous periods. Likewise, you might pay an annual fee to the credit card issuer, and that fee is not included in the APR.﻿﻿, It is possible to pay absolutely nothing and take full advantage of a 0% APR offer, but you have to be diligent to pull this off. Check out this guide for a better understanding of how APR works and the effect it has on credit card interest. APR is a tool that lets you compare mortgage offers that have different combinations of interest rates, discount points and fees. APR stands for the Annual Percentage Rate, and it's the official rate used for borrowing. In fact, it may understate the actual cost of a loan. It is like County Court#2 PLE (plea) but it has the APR instead of PLEThanks for the answers. Your car loan APR is a measure of the total amount of interest you will pay on your financing, over a one year term. The court docket shows CC#2 APR. The APR includes not only the interest expense on … If your APR is increasing more than you're comfortable with, shop around for a lower APR. Accessed March 4, 2020. A single formula for calculating interest rate was established for all EU member nations, although individual countries have some leeway over determining the exact situations in which this formula is to be adopted above and beyond EU-stipulated cases. What Is the Difference Between a Fixed APR and a Variable APR? APR – or Annual Percentage Rate – refers to the total cost of your borrowing for a year. Computing » File Extensions. APR is an annualized representation of your interest rate. Computing » Telecom. Consumers may find it difficult to compare APRs, because lenders have the power to choose what charges are included in their rate calculation. To use APR, you don’t need to understand the math behind it, but you can always dig deeper and learn how to calculate APR if you want more information. Accessed April 4, 2020. APR stands for annual percentage rate. APR, which stands for annual percentage rate, is the yearly cost of borrowing money. “What Is a ‘Daily Periodic Rate’ on a Credit Card?” Accessed April 2, 2020. Essentially, it gives … : Types of Credit Card APRs, What Is APR and How Does It Affect Me? Accessed April 4, 2020. You can also calculate the estimated APR yourself, using loan amount, interest rate and fees, and loan term. APR: Absolute Pull Range. An annual percentage rate is expressed as an interest rate. ﻿APR=((Fees+InterestPrincipaln)×365)×100where:Interest=Total interest paid over life of the loanPrincipal=Loan amountn=Number of days in loan term\begin{aligned} &\text{APR} = \left ( \left ( \frac{ \frac{ \text{Fees} + \text{Interest} }{ \text {Principal} } }{ n } \right ) \times 365 \right ) \times 100 \\ &\textbf{where:} \\ &\text{Interest} = \text{Total interest paid over life of the loan} \\ &\text{Principal} = \text{Loan amount} \\ &n = \text{Number of days in loan term} \\ \end{aligned}​APR=((nPrincipalFees+Interest​​)×365)×100where:Interest=Total interest paid over life of the loanPrincipal=Loan amountn=Number of days in loan term​﻿. Experian.com. Financial institutions must disclose a financial instrument’s APR before any agreement is signed. The APR reflects the interest rate, any points, mortgage broker fees, and other charges that you pay to get the loan. It's different from the interest rate in that it not only includes interest costs but also fees related to a loan. APR Definition . “Comment for 1026.60 - Credit and Charge Card Applications and Solicitations.” Accessed April 4, 2020. If you can show a solid history of repaying loans on time (and therefore you have great credit scores), you’ll get lower APRs on almost every type of loan.﻿﻿, Again, it’s all about the risk. Should You Open a Card With a 0% APR Offer? The term “annual percentage rate (APR)” refers to the annual rate of interest charged to borrowers and paid to investors. Say you compare an investment that pays 5% per year with one that pays 5% monthly. This includes any fees or additional costs associated with the transaction, but it does not take compounding into account. Experian. Rate it: APR: Average Penalty Received. What might make your interest rate increase? Estimates always assume a constant rate of interest, and even though APR takes rate caps into consideration, the final number is still based on fixed rates. Experian.com. APR, which stands for annual percentage rate, is the yearly cost of borrowing money. Citizens Bank. Why is the 43% Debt-to-Income Ratio Important?" You might not borrow for an entire year, or the amount that you borrow might change throughout the year (as you make purchases and payments on your credit card, for example). For home and auto loans, it’s important to have a low loan-to-value ratio (LTV)﻿﻿ and a good debt-to-income ratio. : How Is APR Calculated for Loans? Annual percentage rate (APR) is the official rate used to help you understand the cost of borrowing. Consumer Financial Protection Bureau. The APR isn’t always an accurate reflection of the total cost of borrowing. Can a Balance Transfer Fee Be Charged on a Zero Percent Interest Rate Offer? Importantly, it includes the standard fees and interest you’ll have to pay. Now, if you were to charge a different $1,000 item to your card every day and waited until the day after the due date (when the issuer started levying interest) to start making payments, you’d owe$1,000.6273 for each thing you bought. Consumer Financial Protection Bureau. In this case your APY or EAR would be 25.7%: ﻿((1+.0006273)365)−1=.257\begin{aligned} &( ( 1 + .0006273 ) ^ {365} ) - 1 = .257 \\ \end{aligned}​((1+.0006273)365)−1=.257​﻿. If you carry that balance for the year, your effective interest rate becomes 12.68%. The fee might be less than you’d pay in interest with the old card, but you’re still paying something. What is disclosed in APR? Should You Use a Credit Card 0% Deal for Holiday Expenses? Failing to meet APR benchmarks could result in postseason ineligibility or penalties. How to Use Your APR/AIR to Help With Financial Planning. The opposite happens when the bank acts as the lender and tries to convince its borrowers that it’s charging a low rate. An APR for a loan can include fees you may be charged, like origination fees. It's different from the interest rate in that it not only includes interest costs but also fees related to a loan.﻿﻿ Essentially, it gives you an idea of how much a loan will cost you.﻿﻿. and Unsecured Loans." However, if you carry that balance for the year, your effective interest rate becomes 25.7% as a result of compounding each day. "How to Understand Special Promotional Financing Offers on Credit Cards." An APR of 5.5% would include your annual interest rate as … However, the reality is that different lenders include (or exclude) different fees from the APR calculation, so you can’t just rely on APR to tell you which mortgage is the best deal.﻿﻿. It is like County Court#2 PLE (plea) but it has the APR instead of PLEThanks for the answers. Accessed Aug. 12, 2020. On the other hand, you’ll typically get a lower initial interest rate if you’re willing to assume the risks of using a variable APR. In other words, it describes how much interest you’ll pay if you borrow for one full year. With deferred interest, you’ll pay interest retroactively on the original loan amount as if you weren’t making any payments.﻿﻿ Deferred interest offers are not allowed to be advertised as “0% interest.”﻿﻿, If an APR is variable, then it can change over time. When you receive an interest rate quote from your lender, it may be expressed in interest rate per term. Office of the Comptroller of the Currency. "If your credit scores are good, you may have lower-cost options," says Gerri Detweiler, education director for Nav, which provides tools for business owners to manage their credit and access financing. Accessed Aug. 12, 2020. For instance, the average annual impact of mortgage closing costs is much smaller when those costs are assumed to have been spread over 30 years instead of seven to 10 years. It takes into account the interest rate and additional charges of a credit offer. My son does have a MTR Probation so that would be what this stands for. The annual percentage rate is what a lender charges you for a full year of financing. Loans with a variable APR are different. “What Is APR and How Does It Affect Me?” Accessed April 4, 2020. The European Union (EU) focuses on consumer rights and financial transparency in defining this term. The rate is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied. The Truth in Lending Act (TILA) of 1968 mandated that lenders disclose the APR they charge to borrowers. “What You Need to Know About 0% APR Credit Card Offers.” Accessed April 4, 2020. Credit cards generally charge small amounts of interest daily or monthly (and add those charges to your loan balance), which means you’ll actually pay more due to compounding. (Those interest charges are added to your balance so you can pay more interest the next day. If lenders think they can avoid losing money, they’ll offer lower APRs. "What is a Debt-to-Income Ratio? Multiply that by 365, and that’s 22.9% per year, which is the advertised APR. Why is the 43% Debt-to-Income Ratio Important. What is APR? Annual percentage rate, APR for short, is a number that represents the total cost of borrowing money from a lender. : Types of Credit Card APRs." APRs can be calculated as simple or compound interest, and rates can be fixed or variable. APR stands for annual percentage rate and tells you the cost of borrowing money on an annualized basis. For the first, the APY equals 5%, the same as the APR. The Accredited in Public Relations (APR) certification is designed for public relations professionals with a recommended (not required) five or more years of industry experience, and who possess an undergraduate university degree or higher. ), To figure out your daily rate, take the APR and divide it by 365. APR calculations may also make it difficult to compare similar products, because the fees included or excluded differ from institution to institution.﻿﻿ That’s because lenders have a fair amount of authority to determine how to calculate the APR. APR stands for annual percentage rate. When it's calculated it has to include: The cost of the borrowing, so the amount of interest charged plus; Any associated fees that are automatically included, such as an application or annual fee; Consumer Financial Protection Bureau. APR, or annual percentage rate, is your interest rate stated as a yearly rate. "What Is APR and How Does It Affect Me? The following month, 1% interest is assessed on this amount, and the interest payment is 101, slightly higher than it was the previous month. Experian.com. To define it, it is the annual interest rate charged on a loan(or gained on an investment) after accounting for the base interest rate and all fees associated with the loan, and solved/calculated for the final year of the loan. If the APR is 10%, the daily rate would be 0.0274% (0.10 divided by 365 = .000274). Given that an APR and a different APY can be used to represent the same interest rate, it stands to reason that lenders and borrowers will emphasize the more flattering number to state their case, which is why the Truth in Savings Act of 1991 mandated that both APR and APY be disclosed in ads, contracts, and agreements.﻿﻿ A bank will advertise a savings account’s APY in a large font and its corresponding APR in a smaller one, given that the former features a superficially larger number. Consumer Financial Protection Bureau. For example, your credit card might charge a “balance transfer” fee for you to pay off balances on other credit cards. Failing to meet APR benchmarks could result in postseason ineligibility or penalties. Credit card companies are allowed to advertise interest rates on a monthly basis, but they must clearly report the APR to customers before they sign an agreement.﻿﻿. APR stands for annual percentage rate. A variable APR loan has an interest rate that may change at any time. There’s also the introductory APR—a low or 0% APR—which many credit card companies use to entice new customers to sign up for a card.﻿﻿, The APR borrowers are charged also depends on their credit. For credit cards, the interest rates are typically stated as a yearly rate. To calculate the APY or effective annual interest rate (EAR)—the more typical term on credit cards—add one (which represents the principal) and take that number to the power of the number of compounding periods in a year; subtract one from the result to get the percentage: ﻿APY=(1+Periodic Rate)n−1where:n=Number of compounding periods per year\begin{aligned} &\text{APY} = (1 + \text{Periodic Rate} ) ^ n - 1 \\ &\textbf{where:} \\ &n = \text{Number of compounding periods per year} \\ \end{aligned}​APY=(1+Periodic Rate)n−1where:n=Number of compounding periods per year​﻿. “What Is APR?” Accessed April 4, 2020. Let’s say you borrow £10,000 over 3 years to buy a car. Investopedia requires writers to use primary sources to support their work. Rate it: APR: Automatic Payment Receipt In simplified terms, APR is an acronym for Annual Percentage Rate. Imagine that a loan’s APR is 12%, and the loan compounds once a month. Here's another way to look at it. 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