Use the following to answer questions 58 (round to nearest whole dollar) The four actors...
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Accounting
Use the following to answer questions 58 (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: Assume an annual discount rate of 5% (compounded annually). 5. $ What is the value of Actor 1 's contract today (round to nearest dollar)? 6. $ What is the value of Actor 2's contract today (round to nearest dollar)? 7. $ What is the value of Actor 3 's contract today (round to nearest dollar)? What is the value of Actor 4 's contract today (round to nearest dollar)
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