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 Amount Payment Date Derek $505,000 2 years Isabel 549,000 3 years Meredith 460,000 Today George 406,000 1 year Assuming an annual discount rate of 10 , calculate the present value

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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 Terms

	Contract Amount	Payment Date
Derek	$505,000	2 years
Isabel	549,000	3 years
Meredith	460,000	Today
George	406,000	1 year

Assuming an annual discount rate of 10%, calculate the present value.

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