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Kyle is entering high school and is determined to save money for college. Kyle feels he can save $ 6 , 0 0 0 each

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Kyle is entering high school and is determined to save money for college. Kyle feels he can save $6,000 each year for the next 4 years from his part-time job. If Kyle is able to invest at 12%, how much will he have when he starts college? Of this amount, how much is cash invested, and how much is interest earned?
View the Present Value of $1 table.
View the Future Value of $1 table.
(Round your answer to the nearest dollar.)
View the Present Value of Ordinary Annuity of $1 table.
View the Future Value of Ordinary Annuity of $1 table.
If Kyle is able to invest at 12%, how much will he have when he starts college?
Amount Kyle will have when he starts college =
Of this amount, how much is cash invested, and how much is interest earned?
Amount of cash Invested =
Amount of interest earned =
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