Mario made regular, equal deposits into an RRSP at the end of every month for two years.
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Mario made regular, equal deposits into an RRSP at the end of every month for two years. His investments were earning 4.75% compounded daily and grew to $18,435 at the end of two years. Calculate the size of the month-end deposits. After the above period, if he continues making the same month-end deposits, how long will it take to accumulate to $35,000?
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Mani Reddy Punyala
So, I’m always on the look-out for any tools that can help students understand that they do have the skills employers are looking for, skills they can nurture and develop to become highly employable. That’s why I was really keen to trial the Virtual Work Experience tool in my session, as I think it is particularly helpful for young people to see work skills applied within the context of ‘real life’ examples and delivered by role models that they can relate to.
After an initial group discussion, students were sent away to have a go with the tool. At the end, we came back and reflected on how they had found it and what they had learnt. The visual and interactive aspect was a feature the students and I especially liked, as it gave them an insight into a workplace that felt both tangible and relevant.
The students really enjoyed using the tool and were really engaged; they also felt that they were able to draw some valuable learnings from the exercise. One said, ‘it was really helpful to gain an insight into what work experience will look like and has given me the confidence to go and look for opportunities’.
It’s great to see this kind of useful, innovative content being made available to help educators boost students’ careers education."
If students are finding any parts too hard, remind them to use the tips in the tool; they can also work as groups
Check on students and see if any are finding sections particularly challenging – collect a list which you can put to the class at the end, and see if you can work through those problem together
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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