Solved

Jane Wins $100,000 in the Lottery and Immediately Uses Her

Question 10

Multiple Choice

Jane wins $100,000 in the lottery and immediately uses her winnings to open up a donut shop.Her direct costs are $50,000,and she puts the remaining money in a savings account earning 10 percent annual interest.Alternatively,Jane could have placed all her lottery winnings in the 10 percent savings account.Jane's total cost is:


A) $60,000.
B) $50,000.
C) $160,000.
D) $45,000.
E) $55,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents