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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 contracts
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 $540,000 2 years 80,000 3 years Today Meredith 450,000 440,000 George 1 year Requirec . 1.8. Assuming an annual discount rate of 9%, 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 tebles provlded. Round your answers to 2 declmal pleces.) Present Value Derek Isabel Meredith George 1-b. Which of the four actors is actually belng pald the most? O Derek O Isabel O Meredith O George
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