If the interest rate is positive,a six-year ordinary annuity of $500 per year must have a present value over $3,000.

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The present value of an annuity is calculated by discounting each payment back to its present value at the given interest rate. If the interest rate is positive, the present value of each $500 payment will be less than $500, making the total present value of all payments less than $3,000.

If the Interest Rate Is Positive,a Six-Year Ordinary Annuity of $500