As a settlement for an insurance​ claim, Craig was offered one of two choices. He could either accept a​ lump-sum amount of $2207 ​now, or accept quarterly payments of $143 for the next five years. If...

As a settlement for an insurance​ claim, Craig was offered one of two choices. He could either accept a​ lump-sum amount of $2207 ​now, or accept quarterly payments of $143 for the next five years. If the money is placed into a trust fund earning 4.71​% compounded annually​, which is the better option and by how​ much?