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Ten years ago jane invested 1000 and locked in a 7 percent

Ten years ago, Jane invested $1,000 and locked in a 7 percent annual interest rate for 30 years (end 20 years from now). James can made a 20-year investment today and lock in a 6 percent interest rate. How much money should he invest now in order to have the same amount of money in 20 years as Jane?

$2,373.54
$1,206.59
$673.75
$1,967.15

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Mathematics: Ten years ago jane invested 1000 and locked in a 7 percent

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