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Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a

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Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract amount $2,550,000 2,600,000 650,000 525,000 How contract is paid Actor 1 Actor 2 Actor 3 Actor 4 Lump sum in FOUR years Lump sum in FIVE years Every year for FOUR years Every year for FIVE years Assume an annual discount rate of 4% (compounded annually). 28. SWhat is the value of the lowest value contract today (round to nearest dollar)? 29. S What is the value of the highest paid contract today (round to nearest dollar)

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