Al and sal are twins. al is given a fifteen-year annuity with end-of-year payments. the first payment al receives, precisely one year from the date he is given the annuity, is for $100, and then subsequent payments decrease by 4% annually. sal is given an nyear level annuity that has the same present value as al’s when the present values are calculated using i = 5%. again calculated using i = 5%, the accumulated value at the end of n years of sal’s annuity is $1,626.29. find the common present value of the two annuities and then find n.

Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy