Complete This Ordinary Annuity

question 32

Short Answer

Complete this ordinary annuity:
$$\begin{array} { | l | l | l | l | l | } \hline \begin{array} { l } \text { Amount of } \\\text { Payment }\end{array} & \begin{array} { l } \text { Payment } \\\text { Payable }\end{array} & \text { Years } & \text { Interest Rate } & \begin{array} { l } \text { Value of } \\\text { Annuity }\end{array} \\\hline \$ 9,000 & \text { Semiannually } & 4 & 10 \% & ? \\\hline\end{array}$$

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Definitions:

Moses Abramovitz

An American economist known for his contributions to economic growth theory and for his work on the measurement of economic productivity.

Robert Solow

An American economist known for his work on the theory of economic growth that emphasizes the role of technology and technological innovation.

Triple-E Class

A classification of the largest container ships, standing for Economy of scale, Energy efficiency, and Environmental performance.

Shipping Containers

Standardized reusable steel boxes used for the secure and efficient transport of goods across various modes of transport, from ships to trains and trucks.