Please answer this question typed not handwritten.

Homework: Lab 4 Previous Question Score: 0 of 1 pt 8 of 15 (13 complete) HW Score: 86.67%, 13 of 15 pts Problem 4-20 Question Help Assume that your parents wanted to have $180,000 saved for university by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 8.0% 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 $220,000 saved, just in case, how much would they have to save each year to reach their new goal