You are considering two insurance settlement offers. The first offer includes annual payments of $$33,000,$$$43,000,$ and $$60,000,$ with the first payment being paid one year from now. The other offer is a lump sum amount today. If you require a discount rate of $101$ percent, what is the minimum lump sum amount you will accept today in lieu of the annual payments?

Multiple Choice

$$101,901$

$$123,524$

$$181,510$

$$177,208$

$$110,402$