As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump-sum amount of

$12,521

now, or accept

monthly

payments of

$204

for the next

six

years. If the money is placed into a trust fund earning

4.93%

compounded

semi-annually,

which is the better option and by how much?

The

monthly payments

lump sum

option is better by

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)