Which of the following are characteristics of a perpetuity? Check all that apply.

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 cash flows.

A perpetuity is a stream of unequal cash flows.

The current 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 local bank's advertising reads: "Give us $$50,000$ today, and we'll pay you $$800$ every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?

$1\mathrm{.}44\%$

$1\mathrm{.}28\%$

$1\mathrm{.}60\%$

$2\mathrm{.}56\%$

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 $$75,000.$ This revision, which will $-$ the interest rate earned on your deposited funds, will adjust your earned interest rate to