14. Which of the following is correct about perpetuities and annuities?. A. The present value of an annuity can be calculated exactly, while the present value of a perpetuity can only be calculated as an approximation. B. An annuity receives the same cash flows (payments) each period, while perpetuities have cash flows that grow with the inflation rate. C. Perpetuities have present values which remain constant over time, while annuity present values decline over time. D. Annuities can be valued using APRs (Annual Percentage Rates) while perpetuities require you to have an effective annual rate