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A perpetuity can be described as: O an annuity that lasts longer than 25 years an amount of interest that is annually adjusted up or

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A perpetuity can be described as: O an annuity that lasts longer than 25 years an amount of interest that is annually adjusted up or down and is paid forever O an annuity that goes on forever O principal that is repaid after 100 years You want to start saving for retirement. If you deposit $2,000 at the end of each year for the next 30 years and earn an 11% annual rate of return on the investment, how much will you have when you retire? O $792.000 O $1,048,114 $9,510,132 O $398, 042

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