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Figure 1.3 -Jane Wins $100,000 in a Lottery and Immediately Uses Her

Question 3

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Figure 1.3
Figure 1.3 -Jane wins $100,000 in a lottery and immediately uses her winnings to open up a donuts shop. Her direct cost is $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 of opening up a donuts shop is: A) $60,000. B) $50,000. C) $160,000. D) $45,000. E) $55,000.
-Jane wins $100,000 in a lottery and immediately uses her winnings to open up a donuts shop. Her direct cost is $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 of opening up a donuts shop is:


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

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