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Graciela Treadwell won a lottery. She will have a choice of receiving $25,000 at the end of each year for the next 30 years, or

Graciela Treadwell won a lottery. She will have a choice of receiving $25,000 at the end of each year for the next 30 years, or a lump sum today. If she can earn a return of 12 percent on any investment she makes, what is the least she should be willing to accept today as a lump-sum payment?

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$201,380

$235,700

$750,000

$212,400

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