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Four actors have just signed a contract to star in a dramatic movie about relationships...

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Accounting

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Four actors have just signed a contract to star in a dramatic movie about relationships among hospital doctors.

Filming is expected to take two years to complete. Each person signs independent contracts today with terms below. Assuming an annual discount rate of 9%, which of the four actors is actually being paid the most?

Contract Terms

Contract Amount

Payment Date

Derek

$600,000

2 years

Isabel

640,000

3 years

Meredith

500,000

Today

George

500,000

1 year
Filming is expected to take two years to complete. Each person signs independent contracts today with te below. Assuming an annual discount rate of 9%, which of the four actors is actually being paid the most

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