on August 1, David joined a Christmas club . His bank will automatically deduct $140.

on August 1, David joined a Christmas club .His bank will automatically deduct $140.00 from his checking account at the end of each month and deposited into the Christmas club accountwhere it will earn 6 7/8% interest.The account comes to term on December 1 (round answer to the nearest cent)

A.Find the present value of the given annuity?

B.Interpret the present value of the given annuity.You would have to invest a lump sum of what???_________ now instead of the $140.00 per month