Answer: 2.70%
Explanation:
Proper question is;
Upstate bank is offering long-term certificates of deposit with a face value of $100,000. Bank customers can buy these CDs today for $67,000 and will receive the $100,000 in 15 years. What interest rate is the bank paying on these CDs.
The formula to calculate rate is;
= (Future Value / Present Value) ^ 1/15 - 1
= (100,000 / 67,000) ^ 1/15 - 1
= 0.0270581026212
= 2.70%
The initial step in creating a business continuity and security response plan is a business impact analysis, which can be used to assemble the business and security responses in order to diminish losses.
A breach may still reveal information about the attacker, but this depends on your organization's goals.
A set of approved high-level arrangements and procedures to enable organizations to accelerate business recovery and reduce the overall impact of the event while allowing critical business functions to resume within specified timeframes. set.
A Business Continuity Plan (BCP) is the development of a strategy document that provides alternative modes of business activity that, if interrupted, could result in significant loss to the business.
Learn more about Business Continuity at
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Answer:
Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.” There are many forms of legal enterprises, with the most common in the U.S.
$700 at any given time, but that is presuming that you have paid your monthly premiums every month without fail until the accident occurs.
<u>Solution and Explanation:</u>
Since interest rate is the cost of borrowing, lower interest rate decreases the cost of borrowing for housing mortgage, which increases demand for housing.
It is very much clear from the demand and interest rate have a certain relationship. If the interest rate on a particular amount is lower then the customers will try to get more amount as the cost on such amount will be less which means the burden on the customers would be lower.