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please do A-B Assume that your parents wanted to have $170,000 saved for university by your 18 th birthday and they started saving on your

please do A-B
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Assume that your parents wanted to have $170,000 saved for university by your 18 th birthday and they started saving on your first birthday. They saved the same amount each yoar on your birthday and eamed 8.5% per year on their investments. a. How much would they have to save each year to reoch their goal? b. If they think you will take five years instead of four to graduate and decide to have $210,000 saved, just in case, how much would they have to save each year to reach their now goal

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