solution:
0 stock + 10,000 each year/80,000 GIC
GIC:
year 1
80,000 x 1.035 = 82,800
year 2
82,800 x 1.035 = 85,698
year 3
85,698 x 1.035 = 88,697.43
stock: (all good years)
year 1
0 x 1.075 = 0 +10,000 = 10,000
year 2
10,000 x 1.075 = 10,750 + 10,000 = 20,750
year 3
20,750 x 1.075 = 22,306.25 + 10,000 = 32,306.25
stock: (with bad year)
year 1 (bad year)
0 x 0.913 = 0 + 10,000 = 10,000
year 2
10,000 x 1.075 = 10,750 + 10,000 = 20,750
year 3
20,750 x 1.075 = 22,306.25 + 10,000 = 32,306.25
grand totals:
GIC + good year stocks GIC + 1 bad year and 2 good year stocks
121,003.68 121,003.68
visual:
GIC
stock
justification:
good things:
the GIC is reliable and you can take it out each year meaning you cant lose that much.
the stock had a bad year when there was zero money in it so you lose nothing.
problems:
the stocks are very unpredictable meaning if the bad year wasn’t the first year it would lose a lot.
collaboration with group:
- working with the group was difficult during class time as we did not use it affectively.
- I decided to take my own path and find my own way to figure this problem out.
- no because every other way I tried it wouldn’t work other than this one.
- 2.
core competencies reflection:
If I notice someone in my group is struggling, that’s a sign that my group needs help and we can get support by asking the tutor or teacher to support our learning.
I can take on roles and responsibilities in a group; I do my share.
I can encourage others to share their voices and value diverse perspectives.
I can work with others to achieve a goal.