ur Task:

*Hint: you may want to use a spreadsheet to answer these questions as they can be quite lengthy to do by hand. Not impossible, but it will take a lot longer.

1. 1) Does their portfolio seem reasonable? Why or why not?

2. 2) If they just used the GIC, how long would it take for the $6 000 to become the $23 280 they estimated the cost to become?

3. 3) If they just used the investment savings account, how long would it take for the $6 000 to become the $23 280 they estimated the cost to become with an initial investment of $6 000, and regular monthly payments of $500?

4. 4) Would using just one of the investments in the portfolio give them enough money for their trip 3 years from their investment date? If so, which one? If not, how do you know? Assume that their estimate of $23 280 is correct.

Helen and Noelle decided that they would invest $3 000 into the savings account and $3 00 into the GIC.

5. 5) What is the GIC worth at the end of 3 years?

6. 6) What is the investment savings account worth at the end of 3 years?

7. 7) What is their portfolio worth at the end of 3 years?

8. 8) If that, after the 3 years, the cost of the trip turns out to be 8% greater than their estimate, how much longer would they need to wait to have enough money for their trip?

ar Task: Foundations 30 - Investing to Travel the World "Hint: you may want to use a spreadsheet to answer these questions as they can be quite lengthy to do by hand. Not impossible, but it will take a lot longer. 1) Does their portfolio seem reasonable? Why or why not? 2) If they just used the GIC, how long would it take for the $6000 to become the $23 280 they estimated the cost to become? 3) If they just used the investment savings account, how long would it take for the $6000 to become the $23 280 they estimated the cost to become with an initial investment of $6000, and regular monthly payments of $500? 4) Would using just one of the investments in the portfolio give them enough money for their trip 3 years from their investment date? If so, which one? If not, how do you know? Assume that their estimate of $23 280 is correct. Helen and Noelle decided that they would invest $3 000 into the savings account and $300 into the GIC. 5) What is the GIC worth at the end of 3 years? 6) What is the investment savings account worth at the end of 3 years? 7) What is their portfolio worth at the end of 3 years? 8) If that, after the 3 years, the cost of the trip turns out to be 8% greater than their estimate, how much longer would they need to wait to have enough money for their trip? Scanned with CamScanner ar Task: Foundations 30 - Investing to Travel the World "Hint: you may want to use a spreadsheet to answer these questions as they can be quite lengthy to do by hand. Not impossible, but it will take a lot longer. 1) Does their portfolio seem reasonable? Why or why not? 2) If they just used the GIC, how long would it take for the $6000 to become the $23 280 they estimated the cost to become? 3) If they just used the investment savings account, how long would it take for the $6000 to become the $23 280 they estimated the cost to become with an initial investment of $6000, and regular monthly payments of $500? 4) Would using just one of the investments in the portfolio give them enough money for their trip 3 years from their investment date? If so, which one? If not, how do you know? Assume that their estimate of $23 280 is correct. Helen and Noelle decided that they would invest $3 000 into the savings account and $300 into the GIC. 5) What is the GIC worth at the end of 3 years? 6) What is the investment savings account worth at the end of 3 years? 7) What is their portfolio worth at the end of 3 years? 8) If that, after the 3 years, the cost of the trip turns out to be 8% greater than their estimate, how much longer would they need to wait to have enough money for their trip? Scanned with CamScanner