. Kenny wishes to save $5,000,000 by his 70th birthday by depositing a fixed amount on each birthday (including his 70th ). Assuming an annual effective interest rate of 6%, compute the amount that Kenny must deposit each year if he begins saving on (a) (5 points) his 30th birthday? Warning: Count the number of payments carefully. (b) (5 points) his 40th birthday? (c) (5 points)Suppose now that Kenny starts saving on his 40th birthday with an initial amount of X. Suppose also that he increases the amount of the deposit each year by 4%; i.e., that he deposits X on his 40th birthday, 1.04X on his 41st birthday, 1.042X on his 42nd birthday, etc. Compute the amount of X of Kenny's first deposit and the amount of the deposit on his 70th birthday