The four actors below have just signed a contract to star in a dramatic movie ab
ID: 2504974 • Letter: T
Question
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:
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.)
Who is paid the most?
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
Explanation / Answer
$ 363636.36
Who is paid the most?
Meredith
the exact figure of george is 363636.36 .you may round it off as 363636
Present Value Derek $ 413223 Isabel $ 405710 Meredith $ 450000 George$ 363636.36
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