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Item210 points Time Remaining 52 minutes 43 seconds00:52:43 Item Skipped eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 2 Time Remaining 52 minutes 43 seconds00:52:43 The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Filming is expected to take two years to complete. Each person signs independent contracts today with the following terms: Contract Terms Contract Amount Payment Date Derek $ 590,0002 years Isabel 630,0003 years Meredith 480,000 Today George 490,0001 year Required: 1-a. 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)1-b. Which of the four actors

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