1.7 Any organisation should reduce the risk of loss of data by having proper policies and procedures such as regular back-ups and advanced data security in place for their IT systems and databases. Which type of risk, from the list given below, would the organisation be responding to? a) Technological risk b) Compliance risk Information risk Business risk (2) c) d) 1.8 Grace will be investing an amount of R4 000 annually at the beginning of each of the following four years. She will earn a compounded interest of 6% per annum. Calculate the future value of Grace's investment, using your financial calculator. [Use four decimal places for your calculations and round your final answer to the nearest rand. Choose the alternative closest to your answer if you do not arrive at the exact alternative due to rounding differences.] a) R17 498 b) R13 860 c) R14 692 d) R18 548 (2) 1.9 Nazeem has deposited into his bank account an amount of R4 000 which he won on the Lotto. He wishes to quickly calculate the amount of simple interest that he will earn after five years and will use 6% as simple interest rate. Calculate the amount of simple interest that he will earn after five years. [Use four decimal places for your calculations and round your final answer to the nearest rand. Choose the alternative closest to your answer if you do not arrive at the exact alternative due to rounding differences.] a) R240 b) R1 200 c) R5 200 d) R5 353 (2) Bazil wants to calculate the nominal rate of a loan that he is interested in obtaining from ABC Bank. He already knows that the effective rate of the loan is 5,00% per annum and that interest is compounded every six months Which one of the following answers is the correct nominal rate? [Use four decimal places for your calculations and round your final answer to two decimal places.] a) 4.94% b) 2,50% c) 5,06% d) 4,89% [20] 1.10