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Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors...

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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 How contract is paid amount Actor 1 $2,500,000 Lump sum in 4 years Actor 2 2,650,000 Lump sum in 5 years Actor 3 760,000 Every year for 3 years Actor 4 590,000 Every year for 4 years Assume an annual discount rate of 5% (compounded annually). 28. $ _ What is the value of the lowest value contract today (round to nearest dollar)? 29. $_ What is the value of the highest paid contract today (round to nearest dollar)

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