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). $900.9

B). $441.91 C). $389.87 D). $779.74

PLEASE SHOW WORK AND FORMULAS!

How much of the $4000 is your actual saving contribution and how much is interest earned on that saving? (i.e. Save,Interest) A). $1,767.77, $2,232.32 B). $3,535.35, $464.65 C). $3,603.64, $396.36 D). $3,118.96, $881.04