As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump-sum amount of $4175 now, or accept quarterly payments of $191 for the next seven years. If the money is placed into a trust fund earning 5.46% compounded semi-annually, which is the better option and by how much?

The __________ option is better by $___

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