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 continues for a fixed time period. The principal amount of a perpetuity is repaid as a lump-sum amount. A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future. The present value of a perpetuity is calculated by dividing the amount of the payment by the investor's opportunity interest rate local banks advertising reads: "Give us $35.000 today, and we'll pay you $2.400 every year forever. If you plan to live forever, what annual interest rate will you earn on your deposit? your your 10.98% 6.17% 6.8696 A local bank's advertising reads: "Give us $35,000 today, and we'll pay you $2,400 every year forever. If you plan to live forever, what annual interest rate will you earn on your deposit? 10.98% 6.17% 6.86% your your 9.60% Oops! When you went into make your deposit, the bank representative said the amount of required deposit reported in the advertisement was incorrect and should have read 52.500. This revision will the interest rate eamed on your deposited funds The change to your required deur will cause your camned interest rate to change to avec