Matt plans to start his own business once he graduates from college. He plans to save $$2,900$ every six months for the next four years. If his savings earn $8\%$ annually $($or $4\%$ every six months$),$ determine how much he will save by the end of the fourth year. $($FV of $$1,PV$ of $$1,$ FVA of $$1,$ and PVA of $$1)($Use tables, Excel, or a financial calculator. Round your answer to $2$ decimal places.$)$

Total savings