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Assume that your parents wanted to have $150,000 saved for college by your 18th birthday and they started saving on your first day. They saved

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Assume that your parents wanted to have $150,000 saved for college by your 18th birthday and they started saving on your first day. They saved the same amount each you on your birthday and med 120 per yow on their investment How much would they have to save each year to reach their goal? b. they think you will take five years instead of four to graduate and decide to have $190,000 ved in case, how much would they have to save each year reach their new goal? How much would they have to save each year to reach their goal? To reach the goal of $150,000, the amount they have to save each year is (Round to the nearestent) b. If they think you will take five years instead of four to graduate and decide to have $190,000 waved just in case how much would they have to save each year to reach the new goal? To reach the goal of $180,000, the amount they have to save each year is sl). Round to the nearest cent)

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