Avery Turcotte

Calculations

Year 1: $80,000 x 1.042= $83,360

Year 2: $83,360 x 1.042= $86,861.12

Year 3: $86,861.12 x 1.042= $90,509.29

$10,000 + $10,000 + $10,000 = $30,000 ( money you make each year for 3 years )

= $90,509.29 + $30,000 = $120,509.29

( Your goal ) $120,000 (15% $800,000 )

The goal was reached!

Data and solutions

I used Excel to make my graph

How did you find working with your group?

• I think most of my group was learning and listening to what everyone had to say, and we were all building our knowledge of this as we go. I think we all worked well together.

How did you contribute to the group, and how did others contribute to your learning?

• Generally, I find it easy to contribute to groups, but this project felt a bit more challenging because this material was very new to me, and I needed to listen really well. I felt like I was learning as we worked on it, so I was not always confident to speak up.

Did you use any other the solutions proposed by your group? Why or why not?

• We solved it in a few different ways, as we were figuring it out but in the end I decided to stick with the safe route by doing the 3 year GIC.

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 think I would be at a 2 for collaboration on this project. I am usually good with collaborating with groups, but this time I just was listening to everything everyone said, and I was learning and building up my knowledge of this topic.

Core Competency Reflection

I can ask and respond to questions to be an active, supportive listener…

• I ask lots of questions when I’m confused or I’m not clear on something. I also answer questions when I am able to. I also am very open to helping other team members when they aren’t sure, because talking about things helps everyone.

One of the ways I can ensure my group is clear on the common purpose is to…

• I try to ask questions throughout the project, so I’m not lost. Asking questions help me a lot, and even though this time I was wasn’t completely confident in the beginning, I eventually understood it.

I can understand and share information about a topic of interest in a clear and organized way…

• When I learn something new, I like to make nice, organized notes that relate to the subjects. This helps me a lot to be clear and neat and have notes to reflect on.

My strategies for collecting relevant information for specific tasks include…

• When I am confused or I do not understand things, asking for help and looking back at my notes really help me.

Why did I choose 3 year GIC

I choose 3 year GIC because I wanted to take the safe path and to just stick with 3 years GIC, I knew I was guaranteed to reach my goal and felt more comfortable taking a less risky approach .