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Showing how the numbers are put into the equation would help a ton! The four actors below have just signed a contract to star in

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Showing how the numbers are put into the equation would help a ton!

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 $530,000 570,000 465,000 430,000 Derek 2 years 3 years Isabel Meredith Today 1 year George 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) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Present Value Derek 641,300.00 Isabel 758,670.00 Meredith 465,000.00 George 473,000.00 1-b. Which of the four actors is actually being paid the most? Meredith Derek George Isabel

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