Data and Solutions:
3 Year GIC
Year 1- $80,000 x 1.042 = $83,360 (4.2% increase)
Year 2- $83,360 x 1.042 = $86,861.12
Year 3- $86,861.12 x 1.042 = $90,509.287
Savings- $30,000
$90509.287 + $30,000= $120,509.287
Total: $120,509.287
2) Visual Representation


I used Exel to make the first bar graph. The second graph is a template from Canva, which I modified to make it more personal and aesthetically pleasing. I find that it makes for a better presentation when there is a colour scheme, so that is why I made 2.
3) Justification
This method of making your money grow has its ups and downs. Some strengths are the fact that you have a solid outcome; a guarantee that you will make money. In the stock market, you don’t get this same confirmation. This is good and bad, because locking your money into a non-redeemable GIC means it’s secure, but that also means that you can’t access it at any time. If you find yourself in a situation where you need money, you can’t get it until the GIC matures. These are the main points of risk, which is okay if you know you’ll manage without this amount of money. I think the stock market is also a good way to invest your funds, but there is the factor of chance. That’s why a GIC is helpful; you know full well you are getting money back.
4) Collaboration and Contributions
1. How did you find working with your group?
If I understand the concept, sometimes I prefer to work alone. However, I see lots of benefits when working with a group because we can work through problems together, since you experiment with methods that work and make sense to you, assisted by others. Essentially, we help each other!
2. How did you contribute to the group? And how did others in the group contribute to your learning?
I contributed to the group by writing out (most of) the mathematical equations and then we worked together to solve the question. We came together to fix the problem when we were doing an equation wrong, and understood what we did to work past it. Then we were able to get specific answers that were relevant to this project, and I would say that that is a success.
3. Did you use any other the solutions proposed by your group? Why or why not?
We were all on the same page for this, so I would say that our solution methods were all the same.
4. How would you rate your ability to collaborate with others in your group on a scale of 1-4 (1 not good; 4- excellent)
I would rate myself in the range of a 4. I would say that I’m a leader, and I like to get things done, so I try to help others or learn from others so that we collaborate smoothly. Once in a while I prefer to work alone, if a group isn’t necessary, but mostly I think it’s valuable to work with others since you get to hear other ideas and reflect on thinking processes.
5) Core Competency Reflections
- I can understand and share information about a topic of interest in a clear, organized way.
I demonstrated this when we were writing out the equations. I wrote them out in a clear and simple way so that they would be easy to translate into data, information, the final solution and a bar graph. Organizing the steps we took made it easy to see our thinking process, so I think that was helpful.
2) If I notice …, that’s a sign that my group needs help and we can get support by…
If I notice something wrong in the math calculations, I get help from a teacher. My group and I were stumped during one part of the question, and we realized something was wrong. We got some clarification from a teacher on what we needed to do, and that was all it took for us to get back on the right track. When it comes to subjects that are difficult to me (one of them being math) I find that it pays off to double-check you know what you’re doing, or if you don’t, asking for help.
3) I can analyze evidence to make judgements.
If I think something is off in the math process (e.g. a flaw in the calculations, something looking off in the data, etc.) I go through the problem again or ask for an outside insight. In my bar graph, I realized something looked off and had to go back through and fix my numbers. If I hadn’t noticed this, then it would have been incorrect.
4) My strategies for collecting relevant information for specific tasks include…
When we did the disadvantages/advantages about stocks, GICs, and saving accounts, I used some past information I had to add some personal thoughts to the assignment. It’s helpful when you have some experience with the matter at hand because then you know a little more about what you’re talking about. Specifically, I knew some stuff already about stocks since my family taught me about them. Other strategies I use are connecting with others or searching it up online from a trusted source.