Rebecca Is Currently Working, but Is Planning to Start a College

question 2

Multiple Choice

Rebecca is currently working, but is planning to start a college in few years. For this purpose, she would need $20,000. Today she can start investing $750 monthly in an investment account that pays 6 percent compounded monthly. How long would it take her to have enough money to start college?

• A) 21.25 months
• B) 27.78 months
• C) 25.10 months
• D) 22.56 months
• E) 30.25 months

Analyze the legal outcomes for parties involved in contracts that incorporate illegal actions or objects, and the concept of divisibility in contracts.

Identify and evaluate factors contributing to a contract being considered unconscionable, and the judicial response to such contracts.

Understand the criteria for determining the enforceability of restrictive covenants and noncompetition clauses in different contexts.

Examine the role and requirements of exculpatory clauses and the legal limitations of their enforceability.

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Definitions:

Rural Areas

Locations characterized by low population density and large open spaces, often associated with farming or agriculture.

Suburban

Relating to or characteristic of a suburb, a residential area either existing as part of a city or urban area, or as a separate residential community within commuting distance of a city.

Commute

The act of traveling from one's home to their place of work and back.

Urban Sprawl

The uncontrolled expansion of urban areas into the surrounding countryside, often leading to environmental and infrastructural issues.