Dick Eckel recently set up a TDA to save for his retirement. He arranged to have $$130$ taken out of each of his biweekly checks; it will earn $97/8\%$ interest. He just had his twenty$-$ninth birthday, and his ordinary annuity comes to term when he is $65.($Round your answers to the nearest cent.$)($a$)$ Find the present value of the given annuity. $ $($b$)$ Interpret the present value of the given annuity. You would have to invest a lump sum of $ now instead of $$130$ biweekly.