Question: Financial Mathematics question, please use formulas and handwritten work rather than excel (picture provided). Will rate kindly. Which of the following are characteristics of all

Financial Mathematics question, please use formulas and handwritten work rather than excel (picture provided). Will rate kindly.

Which of the following are characteristics of all perpetuities? I. The present value is equal to the first payment divided by the annual effective interest rate. II. Payments continue forever. III. Each payment is equal to the interest earned on the principal. (A) I only (B) II only (C) HI only (D) I, II, and III (E) The correct answer is not given by (A), (B), (C), or (D)

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