The four actors below have just signed a contract to star in a dramatic movie about relationships ar expected to take two years to complete. Each person signs independent contracts today with the fo Derek Isabel Meredith George Required: Contract Contract Amount $ 580,000 620,000 490,000 Terms Payment Date 2 years 3 years Today 480,000 1 year 1-a. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. (FV = PVA of $1) 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 1B Assuming an annual discount rate of 8%, calculate the present value of the contract amount. Note:Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. Prosent Valua