An annuity and a perpetuity are the same in the fact that they pay equal amounts at equal intervals but they are different: in the fact that an annuity has a specified period of time while a perpetuity goes on forever. in the fact that a perpetuity is tax free. only rich people have the resources to purchase a perpetuity. in the fact that an annuity will never be used for retirement. Question 4 (1 point) If you borrow $47,478 at a simple interest rate of 9% for 31 year(s) the total amount you will owe is (round answer to 2 decimal places): Your