Perpetwities 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 value of a perpetuity cannot be determined A perpetuity is a stream of unequal cash flows. A perpetuity is a stream of regularly timed, equal cash flows that continues forever. The value of a perpetuity is equal to the sum of the present value of its expected future cat? fiows. Your grandfather wants to establish a scholarship in his father's name at a local university and has stipulated that you will administer it. As you've committed to fund a 525,000 scholarship every year beginning one vear frem tomorrow, you'll want to set aside the money for the scholarship immediately. At tomorrow's meeting with your grandfather and the bank's representative, you will need to deposit (rounded to the nearest whole dollar) so that you can fund the scholarship forever, assuming that the account will earn 5,50% per annum every year. Oops! The bank representative just feported that he misquoted the ayaliable interest rate on the scholarship's account. Your account shouid earn 3.50\%. The amount of your required deposit should be revised to This suggests there is relationship betwean the interest rate earned on the account and the present value of the perpetuity