Question: PLEASE SHOW WORK AND FORMULAS! You would like $4000 in 4 years for a special vacation. You make deposits every 6 months in an annuity

PLEASE SHOW WORK AND FORMULAS!

You would like $4000 in 4 years for a special vacation. You make deposits every 6 months in an annuity that pays 7% compounding semi-annually. How much (to the nearest $) should you deposit at the end of every 6 months to meet your goal? A). $900.91 B). $441.91 C). $389.87 D). $779.74

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