Homework: Chapter 4 Homework Save Score: 0 of 1 pt 4 of 16(7 complete) HW Score: 43.75%, 7 of 16 pts P 4-20 (similar to) Question Help Assume that your parents wanted to have $80,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 5.5% per year on their investments a. How much would they have to save each year to reach their goal? b. tvey think you will take five years instead of four to graduate and decide to have $120,000 saved just in caso, 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? To mach the goal of $80.000, the amount they have to have each year is (Round to the nearest cent) Enter your answer in the newer box and then click Check Answer 1 Dart roman Clearl 16 (