Question: 3. 1-16 Points) DETAILS JMODD8 5.3.012. MY NOTES PRACTICE ANOTHER Art Dull recently set up a TDA to save for his retirement. He arranged to

3. 1-16 Points) DETAILS JMODD8 5.3.012. MY NOTES PRACTICE ANOTHER Art Dull recently set up a TDA to save for his retirement. He arranged to have $40 taken out of each of his biweekly checks; it will earn 91% interest. He just had his 27th birthday, and his ordinary annuity comes to term when he is 65. Find the following. (Round your answers to the nearest cent.) (a) The future value of the account $ (b) Art's total contribution to the account $ (c) The total interest $ Need Help? Read it Watch It 4. (-/3 Points) DETAILS JMODD8 5.3.018. MY NOTES PRACTICE ANOTHER Dick Eckel recently set up a TDA to save for his retirement. He arranged to have $120 taken out of each of his biweekly checks; it will earn 92% 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. $ (b) Interpret the present value of the given annuity. You would have to invest a lump sum of $ now instead of $120 biweekly. Need Help? Read It Watch It
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