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The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Filming is expected to take two years to complete. Each person signs independent contracts today with the following terms: Derek Isabel Meredith George Contract Terms Contract Amount Payment Date $ 570,000 2 years 610,000 3 years 485,000 Today 470,000 1 year Required: 1-a. Assuming an annual discount rate of 9%, calculate the present value of the contract amount. (FV of $1, PV of $1. FVA of $1, and PVA of $1) 1-b. Which of the four actors is actually being paid the most? he tabe below The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Filming is expected to take two years to complete. Each person signs independent contracts today with the following terms: Derek Isabel Meredith George Contract Terms Contract Amount Payment Date $ 570,000 2 years 610,000 3 years 485,000 Today 470,000 1 year Required: 1-a. Assuming an annual discount rate of 9%, calculate the present value of the contract amount. (FV of $1, PV of $1. FVA of $1, and PVA of $1) 1-b. Which of the four actors is actually being paid the most? he tabe below
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