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 $560,000 2 years

Isabel 600,000 3 years

Meredith 460,000 Today

George 460,000 1 year

Required:

1-a.

Assuming an annual discount rate of 10%, 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 tables provided. Round your answers to 2 decimal places.) (Present Value )

Derek ?? Isabel ??

Meredith ??

George ??

Which of the four actors is actually being paid the most?

	Derek?
	Isabel?
	Meredith?
	George?