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

question 74

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.

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Definitions:

Nicotine

An addictive chemical found primarily in tobacco products, known for its stimulant effects.

Life Event

A significant occurrence happening to an individual or family that can affect their well-being and requires adaptation.

Unexpected Expense

Costs not planned for, often arising abruptly and requiring immediate financial attention.

Stress

A physical, mental, or emotional strain or tension resulting from challenging or adverse circumstances.