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 The principal amount of a perpetuity is repaid as a lump-sum amount In a perpetuity, returns-m the form of a series of identical cash flows-are earned. A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue Indefinitely Into the future. A perpetuity continues for a fixed time period. A local bank's advertising reads: "Give us $40,000 today, and well pay you $200 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit? 0.50% 0.70% 0.80% 0.40% Oops ! When you went In to make your deposit, the bank representative said the amount of required deposit reported in the advertisement was Incorrect and should have read $60,000. This revision, which will the interest rate earned on your deposited funds, will adjust your earned interest rate to