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Please answer A - B . Assume that your parents wanted to have $ 1 7 0 , 0 0 0 saved for university by
Please answer AB Assume that your parents wanted to have $ saved for university by your th birthday and they started saving on your first birthday. They saved the same amount each
year on your birthday and earned 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 $ saved, just in case, how much would they have to save each year to reach their
new goal?
a To reach the goal of $ the amount they have to save each year is $
Round to the nearest cent.
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