Assume that yout parents wanted to have $100,000 saved for college by your 1 eth birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and eamed 5.0% per year on their irvestments. 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 fout 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 $100,000, the amount they have to save each year is $ (Round to the nearest cent.) b. If they think you will take five yoars instend 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 theit new goal? To reach the goal of $140,000, the amount they have to save each year is $ (Round to the neacest cent)