and eamed 12.5% per year on their investments. a. How eruch wovid they have to save each year to reach their goal? b. If they thirk you wal take five years instead of four to gradugle and decide to heve $200,000 aved just in case, how much would bey have to save each year to reach their new gad? a. How much would they hwe io save each year to teach their gaal? To reach the goal of $100,000, the amount they have to save each year is 1 (Round we the newsit cens) Assume that your parents wanted to have $160,000 saved for college by your 18 th birthday and they started saving on your fint birthday . They saved the same amount each year on your birthday and eamed 12.5% per year on their investments. a. How much would they have to save each year to reach their goal? b. If they think you will take five years instead of four to graduate and decide to have $200,000 saved just in case, how much would they have to save each year bo reach their new goan? a. How much would they have to save each year to reach their goan? To reach the goal of $160,000, the amount they have to save each year is 5 (Round to the nearest cent)