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What is the minimum amount of lump-sum payment

Response to the following problem:

Lorraine Jackson 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 10 percent on any investment she makes, what is the minimum amount she should be willing to accept today as a lump-sum payment? (Round to the nearest hundred dollars.)

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Managerial Accounting: What is the minimum amount of lump-sum payment

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Managerial Accounting: What is the minimum amount of lump-sum payment

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