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: Contract Terms Contract Payment Amount Date Derek $480,000 2 years Isabel 520,000 3 years Meredith 395,000 Today George 380,000 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 18 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) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Present Value Derek Isabel Meredith George Reg Req 18 Exercise C-10 (Algo) Calculate the future value of an annuity (LO C-4) GMG Studios plans to invest $52,000 at the end of each year for the next five years. There are three investment options available. Annual Rate Period Invested: Interest Compounded Option 1 Option 2 Option 3 5% Annually 5 years 7% 10% Annually Annually 5 years 5 years Required: Determine the accumulated investment amount by the end of the fifth year for each of the options. (EV of $1. PV of $1. EVA of $1. and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Accumulated Investment Amount Option 1 Option 2 Option 3