# Critical Thinking Assignment

## Critical Thinking Assignment

(1)Evaluation skill: Evaluation is associated with the ability to judge the value of material for a given purpose. The judgements are to be based on definite criteria. These criteria may be determined by relevance, purpose, statements, and numerical values or calculations. Please watch the video clips provided on Evaluating Logic Part 1, 2, and 3.

Critical Thinking – Evaluating Logic – Part 1 of 3

Critical Thinking – Evaluating Logic – Part 2 of 3

Critical Thinking – Evaluating Logic – Part 3 of 3

(2)Deductive reasoning skill: Deductive reasoning is a logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true. Please watch the video clip provided on Deductive Reasoning

Inductive and Deductive Reasoning

20170930165407pfi_critical_thinking_assignment (1)

Solution Preview

1. Evaluation Skills

Question one

Justify Emily’s participation in her employer’s retirement benefit plan.

1000\$ savings per year for 25 years gives a total of 25000\$

The plan earns 6% per year for 25 years.

Calculating how much she earns per year, is 106/100 by 1000\$ giving 1060\$

In 25 years, she earns 26500\$

She therefore gains 26500\$ minus 25000\$ to give 1500\$

It is therefore logical to state that the retirement benefit plan considers the time value for her money.

(821 words)

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