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Instructions: You have come across a good sum of money (pick an amount you will work with), and you want to invest it to make
Instructions: You have come across a good sum of money (pick an amount you will work with), and you want to invest it to make this money work by gaining interest. Some of the money you want to invest in a Guaranteed Investment Certificate (GIC) which is low risk and some of your money in a high interest investment. 1. Determine the least amount of interest you would like to earn over the course of one year. 2. Find a one-year GIC interest rate and a high-interest savings account but if you are 3. Write an inequality that combines the amount of interest for both investments. 4. Sketch a graph of this inequality. Be sure to include all important elements of good quality graphs. 5. Fill in the blanks of the statement below: I would like to invest $ amount you want to make). to earn at least $ (the Choose at least three different scenarios (indicate these coordinates on your graph) that would work for you and identify the pros and cons of each choice. A. You could invest $ in a GIC paying % annual interest and $ in a high-interest savings account to earn $ B. You could invest $ _in a GIC paying__ % annual interest and $ in a high-interest savings account to earn $ C. You could invest $ in a GIC paying - % annual interest and $ _in a high-interest savings account to earn $
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