Assume that your parents wanted to have $100,000 saved for college by your 18 bi birthday and they started saving on your first birthday. They saved the same amount each year on your birthdas and earned 8% per year on their inveatments. 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 poal? a. How much would they have to save each year to reach their goal? To reach the goal of $100,000, the amount your parents have to save each year is $ (Round to the noarest cent) b. If they think you will take five years instead of four to graduale and decide to have $140,000 saved just in case, how much would they have to save each year to reach their new goal? To reach the goal of $140,000, the amount your parents have to sawe each year is 1 (Round to the nearest cent.)