Brief Exercise C-12 (Algo) Calculate the present value of an annuity (LOC-5) Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $14,000 each year for the next four years to reimburse normal school-related expenditures. Each $14,000 payment will be made at the end of the year, contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 9.0%, determine the value today of recelving this scholarship if Tatsuo maintains good grades. (FV of \$1, PV of \$1. EVA of \$1, and PVA of S1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) Exercise C-5 (Algo) Calculate the present value of a single amount (LO C-3) 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: Required: 1-a. Assuming an annual discount rate of 9%, 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. 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) (Use tables, Excel, or a financial calculator, Round your answers to 2 decimal places,) Exercise C-5 (Algo) Calculate the present value of a single amount (LO C-3) 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: Required: 1-a. Assuming an annual discount rate of 9%, 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. Which of the four actors is actually being paid the most