Problem 4-12 Assume that your parents wanted o have S80 000 saved for college by your eg teenth day and they started saving on your st birthday. They saved the same amount each year on your birthday and eared 6 % per ear on the r ments. 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 $120,000 saved just in case, how much would they have to save each year to reach their new goal? a. Toreach the gal of S80 000, the amount they have to save each year is S (Raratote west cent)