Let me try to deal with all the primary effects of gravity arguments against FE in one simple post--not just the parachute issue.
Throughout this exercise, and without loss of generality, we consider only the vertical vectors.
Let's consider an object above the ground at height h traveling at v0, with "up" being positive and relative to the ground, and experiencing a force (other than gravity) dependent on time of F(t) starting at t=0 and having mass of m. Let v(t) be the velocity of the object relative to the ground. v(0) = v0.
In FE, the velocity at time t is the sum of three velocities:
1) The initial velocity, v0,
2) The velocity imposed by the force after time t (the total force would be the definite integral of F(x) dx from x=0 to t). Since v= at, (F/m)*t gives us: ((definite integral of F(x) dx from x=0 to t)/m)*t.
3) The velocity imposed by the acceleration of the FE (g). Since v=at, this is -gt.
Adding these three:
v(t) = v0 + ((definite integral of F(x) dx from x=0 to t)/m)*t - gt.
In RE, the velocity at time t is the sum of three velocities:
1) The initial velocity, v0, (same as FE)
2) The velocity imposed by the force after time t (the total force would be the definite integral of F(x) dx from x=0 to t). Since v= at, (F/m)*t gives us: ((definite integral of F(x) dx from x=0 to t)/m)*t. (same as FE)
3) The velocity imposed by the acceleration of gravity (g). Since v=at, this is -gt. (same as FE)
v(t) = v0 + ((definite integral of F(x) dx from x=0 to t)/m)*t - gt.
And these are the same.
Since the velocities are the same in both models, then the height at any given time and the time when h=0 are also the same.
Now for the special case of the parachute: F(t) is the drag of the chute, and the same in both cases.
QED for both in the specific case and the general case.