Was Injured in an Accident, and the Insurance Company Has

Multiple Choice

was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum.If a fair return is 7.5%, how large must the lump sum be to leave him as well off financially as with the annuity?

A) $225,367
B) $237,229
C) $249,090
D) $261,545
E) $274,622