The four actors below have just signed a contract to star in a dramatic movie about relationships
Question:
The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Each person signs independent contracts with the following terms: Contract Terms Contract Ampunt Payment Date Derek $450,000 2 years Isabel 490,000 3 years Meredith 525,000 Today George 350,000 1 year Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value of the contract amount. 1-b. Which of the four actors is actually being paid the most? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Assuming an annual discount rate of 10%, calculate the present value of the contract amount. (FV of $1,PV of $1,FVA of $1, and PVA of $1) round your answers to 2 decimal places.