Lorraine Jackson won a lottery. She will have a choice of receiving an annuity of $25,000 at the end of each year for the next 30 years, or a lump sum of $265,000 today. If she can earn a return of 9% on any investment she makes, what should she do? (Round to the nearest hundred dollars.)

Use one of four answers in picture.

omaine Jackson won a lottery. She will have a choice of receiving an annuity of on any investment she makes, what should she do? (Round to the nearest hund ake the annuity because its value is more than $265,000. Take the annuity because its value is less than $265,000. Take the lump sum because its value is more than the annuity's value. Take the lump sum because its value is less than the annuity's value