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 9 7/8% interest. He just had his twenty-ninth 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) Eckel's total contribution to the account
$  

(c) The total interest
$

Answer rating: 100% (QA)

To find the future value of the annuity account we can use the formula for the futur... View the full answer