Which one of the following accurately defines a perpetuity? A limited number of equal payments paid in even time increments Payments of equal amounts that are paid irregularly but indefinitely. Varying amounts that are paid at even intervals forever. Unending equal payments paid at equal time intervals. Your grandmother is gifting you $150 a month for four years while you attend college to earn your bachelor's degree. At a 4.8 percent discount rate. What are these payments weeth to you on the day you enter college? $6,201.16 $6,539.14 $5,589.19 $6,608.8