Assume that your parents wanted to have $$$$80$ comma $000$ 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 $8\%$ 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 $$$$130$ comma $000$ saved just in$$ case, how much would they have to save each year to reach their new$$ goal?

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Part $1$

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

To reach the goal of $$$$80$ comma $000,$ the amount your parents have to save each year is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$

Part $2$

b$.$ If they think you will take five years instead of four to graduate and decide to have $$$$130$ comma $000$ saved just in$$ case, how much would they have to save each year to reach their new$$ goal?

To reach the goal of $$$$130$ comma $000,$ the amount your parents have to save each year is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$