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 Amount			Payment Date
Derek	$	530,000		2 years
Isabel		570,000		3 years
Meredith		465,000		Today
George		430,000		1 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) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)

1-b. Which of the four actors is actually being paid the most? multiple choice

• Meredith

• Derek

• George

• Isabel