Perpetuities are also called annuities with an extended or unhmited 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 unequal cash fows. The curfent value of a perpetuity 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 flows. A perpetuity is a stream of regularly timed, equal cash flows that continues forever. Tae value of a perpetulty is equal to the sum of the present value of its expected future cash flows. Your grandfather wants to establish a scholarship in his father's name ot a local university and has stipulated that you will administer it. As you've committed to fund a $25,000 scholarship every year beginning one year from tomorrow, you'l want to set aside the money for the schoiarship immediately. At tomorrow's meeting with your grandfother and the bank's representative, you will need to deposit frounded to the nearest whole dollar) so that you can fund the scholarship forever, assuming that the account will earn 5.50% per annum every yeaf. Oopst The bank representative just reported that he misquoted the available interest rate on the scholarship's account. Your account should earn 3.50\%. The amount of your required deposit should be revised to This suggests there is relationship between the interest rate earned on the account and the present value of the perpetuity