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 = 90,509.287

Total: 90,509.287 + 30,000 = 120,509.287

the GIC is less risky than stocks but it means that you have all your money in one place stocks on the other hand earn the most but can fall or rise meaning the risk in stocks is greater but the reward is also better

working with my group was a bit challenging because everything was moving to fast but I helped calculate a bit I tried to come out with my own solutions but they were wrong

Core Competency

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

I can work with others to achieve a goal.

I can recognize different points of view and can disagree respectfully.

I can think about what I am going to convey and to whom I will convey it.