Data and Solutions
1 Yr GIC and 3 yr GIC (year 1) $82,800.00, $83,360.00 (year 2) $85,698.00, $86,861.12 (year 3) $88,697.43, $90,506.29
1 Year GIC 80,000 x 1.035 = 82,800 82,800 + 10,000 = 92,800 92,800 x 1.035 = 96,048 96,048 + 10,000 = 106,048 106,048 x 1.035 = 109,759.68 109,759.68 + 10,000 = 119,759.68
3 Year GIC 80,000 X 1.042 = 83,360 83,360 x 1.042 = 86,861.12 86,861.12 x 1.042 = 90,509.29 90,509.29 + 30,000 = 120,509.29
(Can’t upload pictures)
I used the program excel
Core Competency Reflection
1. How did you find working with your? When working with my group we all learned about new things and we enjoyed working together.
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 helping the group with calculations and jotting down answers.
3. Did you use any other the solutions proposed by your group? Why or why not? – My group and I used the solutions I used for a 1 year GIC.
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) – For this assignment I could’ve collaborated more, so I give myself a 3.