0/2 Points] DETAILS PREVIOUS ANSWERS JMODD8 5.3.018. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHE Dick Eckel recently set up a TDA to save for his retirement. He arranged to have $135 taken out of each of his biweekly checks; it will earn 94% interest. He just had his twenty-ninth birthday, and his ordinary annuity comes to term when he is 65. (Round your answers to the nearest cent.) (a) Find the present value of the given annuity. X (b) Interpret the present value of the given annuity. You would have to invest a lump sum of $ now instead of $135 biweekly. Need Help? Rand It Watch It Show My Work (Optional)? Submit Answer [1/2 Points] DETAILS PREVIOUS ANSWERS JMODD8 5.3.027. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER