Assume that your parents wanted to have $$110,000$ saved for college by your $18$th birthday and they started saving on your first birthday. They saved the

same amount each year on your birthday and earned $10\%$ 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 $$140,000$ saved just in case, how much would they have to save each

year to reach their new goal?

a$.$ How much would they have to save each year to reach their goal?

To reach the goal of $$110,000,$ the amount your parents have to save each year is $$.($Round to the nearest cent.$)$