Peter and Wendy are best friends. Following a visit to Peter’s house one day and concerned that Peter will never grow up, Peter’
s dad offers to give Wendy $1million to marry Peter. Wendy accepts and the two create a written agreement. After marrying Peter, Wendy asks Peter’s dad for the money. Peter’s dad refuses to give Wendy the money. Wendy sues. Who is likely to win?
They had a contract, and Wendy fulfilled her end of the bargain. Peters father therefore has to give her the money, because he signed a contract. Wendy has proof supporting her case, while Peters dad doesn't. This makes it very likely she would win, seeing as how Peters Father is legally bound to this contract, and is required by law to give Wendy that money.
To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)
The correct answer is two years. A presidential appointee is required by law to spend about two years on the job before being allowed to leave that job and pursue some other careers. Every president has done that according to the American law and politics.
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