Exercise 5-5 (Algo) Present value; single amount (LO 5-3) 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 $ 570,000 610,000 485,000 470,000 Payment Date 2 years 3 years Today 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?

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: 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? Complete this questian by emtering weir acumess in the tabe belaw