Question

You just won the lottery and want to put some money away for your child's college education. When your child goes to college 18 years from now, the cost will be $65,000. You can earn 8 percent compounded annually. How much do you need to invest today?

Answer 1

Explanation:

According to the principle given here, if the object of an agreement is or becomes unlawful, then courts will not enforce such agreements, moreover law prohibits child labour. In the present scenario, in the beginning T starts a child are centre in the premises of P, for which he is paying rent but after some time T angages children in a chemical and hazardous factory, which is against the provisions of law, hence the object has become unlawful.