Jane made a one$-$time investment of $$1,000$ in a fund that pays interest of $5\%$ each month. As a result, at the start of month $2$ she had a balance of $$1,050$ in the account, and in month $3$ the she had a balance of $$1,102\mathrm{.}50.$

What powerful investing concept is Jane experiencing with this investment?

Group of answer choices

The power of simple interest

The power of future value

The power of time

The Power of the Dog

The power of of present value

The power of compound interest