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

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 TermsContract AmountPayment DateDerek$

590, 0002

yearsIsabel

630, 0003

yearsMeredith

480, 000

TodayGeorge

490, 0001

year

Required:

1 -

.

Assuming an annual discount rate of

10 %,

calculate the present value of the contract amount.

1 -

.

Which of the four actors is actually being paid the most?

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