Today, Charity wants to invest less than $$3,000$ with the goal of

receiving $$3,000$ back some time in the future. Which one of the

following statements is correct?

Multiple Choice

The period of time she has to wait until she

reaches her goal is unaffected by the

compounding of interest.

The period of time she has to wait

decreases as the amount she invests

increases.

The lower the rate of interest she earns, the

shorter the time she will have to wait to

reach her goal.