You want to have $12,500 in 10 years for a dream vacation. If you can earn an interest rate of .3 percent per month, how much will you have to deposit today?

$8,778

Explanation:

To find the amount of money that you will have to deposit today, you have to use the formula to calculate the present value:

PV=FV/(1+i)^n

PV= present value

FV= future value= 12,500

i= interest rate= 0.003*12(to calculate the rate per year)= 0.036

n= number of periods of time= 10

PV=12,500/(1+0.036)^10

PV=12,500/1.424

PV=8,778

According to this, you will have to deposit today $8,778.

what is data classification and what can it do for my business?

data classification is an approach to identifying, protecting and managing information which has rapidly become best practice. implemented as part of a layered security strategy, it enables an enterprise to defend itself against a variety of threats – from aggressive outsiders to untrained or well-meaning insiders – while unlocking the full potential of its data to drive innovation and productivity.

in this whitepaper we have put together a comprehensive introduction to data classification and the benefits it will have for your business.

c

explanation: