please help..

Rudy has been awarded some money in a settlement. He has the option to take a lump sum payment of $200,000 or get paid an annuity of $1,000 per month for the next 25 years. Which is the better deal for Rudy, and by how much, assuming the growth rate of the economy is 2.75% per year?

Lump Sum: by $14,899.82

Lump Sum: by $43,535.88

Annuity: by $14,899.82

Annuity: by $43,535.88

Question

please help.. 

 Rudy has been awarded some money in a settlement. He has the option to take a lump sum payment of $200,000 or get paid an annuity of $1,000 per month for the next 25 years. Which is the better deal for Rudy, and by how much, assuming the growth rate of the economy is 2.75% per year?

Lump Sum: by $14,899.82

Lump Sum: by $43,535.88

Annuity: by $14,899.82

Annuity: by $43,535.88

anonymous · Answer

anyone?

anonymous · Answer

hold on lol

anonymous · Answer

@elizabethvilleda omg thank you!

anonymous · Answer

i dont have much time tho

anonymous · Answer

i know its annuity just give me a sec lol

anonymous · Answer

Annuity: by $14,899.82 im pretty sure thats it lol i hated learning this

anonymous · Answer

thanks so much, can you help with some more??

anonymous · Answer

lol i can tryy (: