Ordinary General Annuities - Finding the FV. Please do these correctly as a lot of times in the past experts have answered it wrong and I still did not understand the concept. :)

As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump-sum amount of $6372 now, or accept monthly payments of $197 for the next three years. If the money is placed into a trust fund earning 4.75% compounded quarterly, which is the better option and by how much? The (Rou option is better by $ arest cent as needed. Round all intermediate values to six decimal places as needed.) monthly payments lump sum