9. Perpetulties 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. A perpetuity is a stream of regularly timed, equal cash flows that continues forever. The value of a perpetuity cannot be determined. The value of a perpetuity is equal to the sum of the present value of its expected future cash flows. A perpetuity is a stream of unequal cash flows. A local bank's advertising reads: "Give us $50,000 today, and we'll pay you $6,800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit? 10.88% 21.76% 13.60% O 12.24% increase reduce Oops! When you went in to make your deposit, the bank incorrect and should have read $75,000. This revision will ve said the amount of required deposit reported in the advertisement was the interest rate earned on your deposited funds. The change to your required deposit will cause your earned interest rate to change to Based on your understanding of perpetuities, answer the following questions! Which of the following are characteristics of a perpetuity? Check all that apply. A perpetuity is a stream of regularly timed, equal cash flows that continues forever. The value of a perpetuity cannot be determined. The value of a perpetuity is equal to the sum of the present value of its expected future cash flows. A perpetuity is a stream of unequal cash flows. A local bank's advertising reads: "Give us $50,000 today, and we'll pay you $6,800 every year forever." If you plan to live forever, what annual interest rate will you eam on your deposit? O 10.88% 21.76% 13.60% 7.71% 12.24% 10.43% Oops! When you went in to make your deposit, the bank representative said the amoy 9.07% red deposit reported in the advertisement was incorrect and should have read $75,000. This revision will the interest on your deposited funds. 9.52% The change to your required deposit will cause your earned interest rate to change to