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	$500,000	2 years
Isabel	540,000	3 years
Meredith	450,000	Today
George	400,000	1 year

Required:
a.	Assuming an annual discount rate of 10%, calculate the present value. Use Table 2. (Do not round PV factors. Round your answers to 2 decimal places. Omit the "$" sign in your response.)

	Present Value
Derek	$
Isabel	$
Meredith	$
George	$

b.

Who is paid the most?

	Isabel
	George
	Meredith
	Derek