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Question Help Assume that your parents wanted to have 570.000 saved for college by your 10th birthday and they started saving on your first birthday.
Question Help Assume that your parents wanted to have 570.000 saved for college by your 10th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 9.0% per year on the investments 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 $110,000 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 the goal? Scot To reach the goal of 570.000 the amount they have to save each year is Round to the nearest cent
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