Assume that your parents wanted to have $$120,000$ saved for college by your $18$th birthday and they started saving on your first birthday. They saved the same amount each year

MKTG$351-$ "LinkedIn Learning $|$ Login" and $5$ Other Tabs vestments.

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 $$150,000$ saved just in case, how much would they have to save each year to reach their

new goal?

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