Data and Solutions

3 year 4.2% non redeemable GIC

Year 1: $80,000 x 1.042 = $83,360

Year 2: $83.360 x 1.042 = $86,861.12

Year 3: $86,861.12 x 1.042 = 90,509.29

Savings : 30,000

Total : 120,509.29

Visual Representations

Justification

I believe that the 3 year GIC of 4,.2% was the smartest option because at the end of the 3 years, there is a guaranteed return, unlike stocks. Stocks vary each year. For all you could know, for the next three years, the stocks could be in the deep negatives. Investing in stocks is good for long term goals, like gaining money for retirement, because stocks always have their ups and downs, but a 3 year long stock investment is super risky and you arent guaranteed to get the money you need back.

Collaboration and Contributions

I found working with my group was difficult because we were all a bit shy and it was hard sharing our ideas, however we were able to complete the work eventually by writing out our ideas. I contributed to the group by calculating the numbers on my calculator and giving the solutions to my group to write on the board. My group all agreed and came up with the same solutions, so we really didnt have much to dicuss. I would give myself a 3 out of 4 for participation, I think I could’ve shared more ideas with my group.

Core Competency Reflection

• If there is disagreement within the group, I find it helpful to get everyone to modify their ideas so it works for the rest of the group.
• I know the group is working well together when I hear/ see laughter, smiles, work getting done quickly and peers supporting eachother.
• I make an effort to include missing voices/ perspectives by checking in on everyone in my group and making sure each individual gets a chance to express their ideas.
• If the group is not productive, we can ask a teacher for help and support in order to get things moving in the right direction.
• I can recognize different points of view and can disagree respectfully.