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 hospitol doctors. Each person signs independent contracts with the following terms: Required: 1-3. Assuming an annual discount rate or 8%, calculate the present value of the contract amount. 1.b. Which of the four actors is actually being pald the most? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required: 1-a. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. 1-b. Which of the four actors is actually being paid the most? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assuming an annual discount rate of 8%, 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.) Required: 1-a. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. 1-b. Which of the four actors is actually being paid the most? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Which of the four actors is actualy baing paid the mo-it