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PLEASE HELP ASAP :) 4) (15 pts) Kyle is 25 years old and was recently hired at his first full time job. Kyle received a
PLEASE HELP ASAP :)
4) (15 pts) Kyle is 25 years old and was recently hired at his first full time job. Kyle received a $5,000 signing bonus from his company that he will invest. He also wants to save and additional $2,400 per year. Each of these investments will be put into the company 401k retirement plan, where Kyle will earn 5% interest compounded continuously. If Kyle works at this company and continues his savings plan for 40 years, what will the balance of his 401k be after 40 years? Show all work. Round the final answer to the nearest dollarStep by Step Solution
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