10. Perpetuities Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpetuities, answer the following questions Which of the following are characteristics of a perpetuity? Check all that apply. The value of a perpetuty cannot be determined A perpetuity is a stream of regularly time, equat cash flows that continues forever A perpetuity is a stream of unequal cash rows. The current value of a perpetuty is based more on the discounted value of its nearer (in time) cash flows and less by the discounted Value of its more distant in the future) cash now tory A local bank's advertising reads: "Give us $15,000 today, and we'll pay you $600 every year forever" if you plan to live forever, what annual interest rate will you earn on your deposit? 6.40% 4.00% 0 3.20% 3.60% Oops! When you went into make your deposit, the bank representative said the amount of required deposit reported in the advertisement was incorrect and should have read $22.500. This revision, which will the interest rate earned on your deposited funds, wil odjust your carne interest rate to