Yr 1 80 000 x 1.042 = 83360
Yr 2: 83360 x 1.042=86861.12
Yr 3: 86861.12 x 1.042=90509.28704
Savings:
30 000 after 3 years
30 000 + 90509.28704= 120509.28704
Total; 120 509.28704
Strengths and Weaknesses
strength of investing in GIC is that it is a guaranteed to get your money back, it has a low risk of losing money.
weaknesses
The money you invested in the GIC for 3 years your money is inaccessible for the entirety of the 3-year
- my group didn’t communicate much. it was even harder because no one would ask me a question
2. i would of write something if they asked me a question, since no one talked we had to like work on our own
3. no because we didn’t talk.
4. 1
Core Competency
I can understand and share information about a topic of interest in a clear, organized way.
My strategies for collecting relevant information for specific tasks include…
I am so curious about investing that I am excited to learn more about how I could use it in the future to make better choices.