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

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The Answer of 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

Was Injured in an Accident, and the Insurance Company Has