Justification
the tactic i chose to use matched my risk tolerance the best. in the 3 year span that we had to come up with 120,000 i figured that even though stocks are high reward they are also high risk, so this led me to do the 3 year 4.2 annual return option because it is safer, with guaranteed money. so although the high reward could have been benifitial i decided to go with the guaranteed money to stay safe so i wouldnt end up loosing money. through this project i learned how to save money and ways to save in the future. maybe even invest.
Group Collaboration
- during this group project our 3rd group member had been sick and me and matteo had to step up, me and matteo did a lot of troubleshooting and arguing but we got our ideas and calculations finished
- working with other people gave me different ideas and different inputs
- i contributed by doing some of the calculations and documenting them on our paper and keeping that paper safe so we didnt lose all our work
- yes i used some of matteos strategies because he proposed alot of good ideas
- i rate my collaborative group work a 7
Core Competency
- i can work with other classmates to reach my goals
- i like group work because other people can share there ideas
- an example of when i built off other ideas is when matteo almost had the right answer but we were still having trouble with the calculations, i pitched an idea and we put it into our calculations and it worked
- when i see other group members left out i make sure to explain what is going on and ask if they have any ideas
- i find it easy to work with others because if i mess up i have others to help and correct me and i can also do the same
Calculations
year 1 80,000 x 0.042= 83,360 + 10,000
year 2 83,360 x 0.042= 86,861.12 + 10,000
year 3 86,861.12 x 0.042= 90,509.32 + 10,000
Total 90,509.32 + 30,000= 120,509
