calculations and solutions:

for my solution in am using a 3 year GIC and doing the savings on its own.

YEAR 1 GIC- 80000*1.042= 83,360 option A 1 year GIC 3.5%

YEAR 2 GIC- 83,360*1.042= 86,861.12 year1- 80,000*1.035= 82,80o

YEAR 3 GIC- 86,861.12*1.042= 90,509.287 year2- 82,800*1.035= 85698

year3- 85698*1.035= 88697.43

	years	3 Year GIC	saving	total	total
	Year 0	80,000	0	0	0
	Year 1	83,360.00	10000	10,000	93,360
	year 2	86,861.12	20000	20350	107,211
	year 3	90,509.29	30000	31,062	121,572

justification:

i didn’t chose option A because you would not have enough money to complete your goal of 120,000 dollars. you would be 10,241 dollars short. i also didn’t chose stalks because stocks could go up and down and you wouldn’t know if you could get to your target goal. i chose option B because, you would have enough to reach your goal of 120,000 yet still have money left over.

collaberation:

in the days that we worked in groups i worked with Brooke, Roya, and Teya. i liked working with these people because they are people that have the same interests as me and people that i can work well with. we can use all our strengths to complete all the questions. i contributed to the group by helping calculate the equations and helping find how to calculate each equations. my other group mates contributated by calculating the different equations and by thinking together to get all our work done and completed properly. we used some of my business notes to try and complete each question because i had numbers and how to find the products of each math sentance.

Core Competency:

1. i represented my communication by sharing my ideas and thoughts with my group. we all worked together to try and complete each question. what i would work on next time is asking the teacher for help and paying attention more so i know how to complete everything.
2. for next time i would try to understand it more, like how to calculate each GIC and stock. i also would spend more time in writing everything out. with my group we all found how to calculate interest rates together with each of our skills.
3. i made decionions based on how i dont like risk and how i would like to be safe. i chose option B. i used my class time wisely and i got my math work done in class. i asked for help from my peers and my teachers, and got it.
4. i understood how to complete this project once someone explained it more. i could use my background knowlage to complete this this project from business.