Data and Solutions

Work done for both solutions

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

As you can see from my solutions and data, a 3 year GIC works sufficiently, as a 1 year GIC isn’t enough.

I used excel to construct these graphs.

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. 

Core Competency Reflection prompts

I can represent my learning and tell how it connects to my experiences.

I knew that stocks can be unpredictable so I chose a more standard, guaranteed investment. I knew that a GIC would be a safe option.
I can reflect on my thinking.

I reflected on my thinking by doing the Core Competency questions.

I can give, receive and act on feedback to progress in my goals.

I used feedback from my teachers and peers and it helped me with my choices and work regarding this assignments.

I can ask open-ended questions to gather information.

I asked my teacher for tech help. I asked questions that would help me decide whether I should choose a GIC or invest in stocks.

I know the group is working well together when I hear/ see my group members and myself working together and hearing them discuss answers to solutions and things about the topic.