jessica invested $2,000 today in an investment that pays 6.5 percent annual interest. which one of the following statements is correct, assuming all interest is reinvested?

Respuesta :

The correct statement will be:

She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest.

Jessica invested $2,000  in an investment that pays 6.5 % annual interest. Assuming all interest is reinvested, to earn the same amount, she will need to invest a lesser amount of money, If the interest rate is higher.

Hence, The correct statement is:

She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest.

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