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Complemented subspace constructed from finite pieces

Suppose $Y=\overline{\cup E_n}$ is a closed subspace of a Banach space, where each $E_n$ is a $n$-dimensional subspace, $K$-complemented in $X$, and for any $n$, $E_n\subseteq E_{n+1}$. Can one conclude that $Y$ is complemented in $X$?