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The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Each person signs independent

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 Isabel $570,000 2 years 610,000 3 years Meredith 485,000 Today George 470,000 1 year Required: 1-a. Assuming an annual discount rate of 9%, calculate the present value of the contract amount. 1-b. Which of the four actors is actually being paid the most?

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