Brenda and Tom want to save $30,000 over the next four years for a down payment on a house. What amount must they regularly save from their month-end pay if their savings can earn 5.5% compounded semi-annually?

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The Answer of Brenda and Tom want to save $30,000 over the next four years for a down payment on a house. What amount must they regularly save from their month-end pay if their savings can earn 5.5% compounded semi-annually?

Brenda and Tom Want to Save $30,000 Over the Next