Answer:
B. Lump Sum
Step-by-step explanation:
An annuity refers to a payment which is made in specified interval of time period. Generally there is an interest factor involved in such payments.
But when we refer to the case given, as Jeanne is ready to forego the interest and rather receive a great payment today, in settlement of the entire annuity it is a lump sum payment.
Lump sum payment is one time payment for settling the entire amount of annuity. As it is the discounted value of annuity today less the charges or commission involved if any.