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:

Required:

$1-$a$.$ Assuming an annual discount rate of $8\%,$ calculate the present value of the contract amount.

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

Complete this question by entering your answers in the tabs below.

Assuming an annual discount rate of $8\%,$ calculate the present value of the contract amount. $($FV of $$1,$ PV of $$1,$ FVA of

$$1,$ and PVA of $$1)($Use tables, Excel, or a financial calculator. Round your answers to $2$ decimal places.$)$