"annuit coeptis" Means to Obliterate to Begin...WTF?

As seen on the great seal of the American dollar bill, "annuit coeptis"...I just typed this into InterTran (online inter-lingual translator) using the English>Latin translation and it translated to "to obliterate to begin" WTF is this correct? Try it yourself! does anybody here know Latin?
Link to image of the seal on the bill
If this is the real translation, what would be the symbolism behind it?

Propagandapedia says:

Annuit cœptis (in Anglicized Latin pronounced /ˈænjuːɪt ˈsɛptɨs/) is one of two mottos (the other being Novus ordo seclorum) on the reverse side of the Great Seal of the United States. Taken from the Latin words annuo (nod, approve) and cœpta (beginnings, undertakings), is literally translated as "He approves (or has approved) [our] undertaking(s)".

In 1782, Congress appointed a design artist, William Barton of Philadelphia, to bring a proposal for the national seal.[1] For the reverse, Barton suggested a thirteen layered pyramid underneath the Eye of Providence. The motto which Barton chose to accompany the design was, Deo Favente Perennis, "Enduring by the Favor of God".