A perpetuity is defined as: Multiple Choice a limited number of equal payments paid in even time increments. unending equal payments paid at equal time intervals. varying amounts that are paid at even intervals forever. unending equal payments paid at either equal or unequal time intervals. payments of equal amounts that are paid irregularly but indefinitely.

Answer: unending equal payments paid at equal time intervals

Explanation: a perpetuity can be defined as an annuity (a right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiary) in which the periodic payments begin on a fixed date and continue indefinitely. Therefore, perpetuity are unending equal payments paid at equal time intervals. An example of a common perpetuity is the preferred stock.