You just retired from the Good Company which has a generous pension plan. During your exit interview, the company's HR representative tells you will receive $$7,500$ a month for the rest of your life. Your doctor tells you that a person of your health and age can expect to live $20$ years. Your financial advisor tells you that long$-$term interest rates are $9\%.$ He also tells you that you can swap your pension for a one time lump sum payment.

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Given the situation above, what is the the present value of the monthly payments? $($Round to the nearest $$10$

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$$

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$$138,810$

$$68,464$

$$1,800,000$

$$833,587$