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 is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future The principal amount of a perpetuity is repaid as a lump-sum amount. A perpetuity continues for a fixed time period. In a perpetuity, returns-in the form of a series of identical cash flows-are earned. A local bank's advertising reads: "Give us $35,000 today, and we'll pay you $600 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit? 1.71% 0 2.74% 0 1.37% 0 1.54% 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 $52,500. This revision, which will rate earned on your deposited funds, will adjust your earned interest rate to the interest