Commutation tables for joint annuities and survivorship assurances, Volume 1; Volume 73 |
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Commutation Tables for Joint Annuities and Survivorship Assurances David Chisholm No preview available - 2016 |
Common terms and phrases
53 COMMUTATION TABLES according added addition Annual Premium ANNUM applicable assumed become beginning blank slip calculation Carlisle cent column combined commenced COMMUTATION TABLES compared completed construction containing continued corrected CORRESPONDING death decreasing deferred denominator denote determine Difference of Age division divisor Endowment equal errors example expression fail figures finding fines five Formation formed formula give given hand Hence Increasing Assur instances Insurance JOINT ANNUITIES Jones logarithms manner marked method mode Mortality multiplying natural numbers obtained opposite paid payable period placed present value rate of interest reference respectively S.
D. Decimal scale similar SINGLE LIVES Single Payment space step substituting subtract succeeding succession TABLES FOR JOINT term third upwards usual values of policies whole WRITER written
Popular passages
Page 10 - ... 3 per cent. ? 4£ per cent. ? 5 per cent. ? 6 per cent. ? 7 per cent. ? 7£ per cent. ? 8 per cent.?
Page liii - ... 03056785 is the premium for the assurance on the joint lives, and agrees both with the above result and with Mr. Milne. But Mr. Milne, instead of -01672251, has (p. 361) •015714, differing materially from the truth. The reason is, as those who are used to the common method are well aware, that the old tables of annuities, calculated to three decimal places, are not sufficiently exact for survivorship questions, the results of...
Page 37 - What is the interest of $ 81, for 2 years 14 days, at ^ per cent. ? £• per cent. ? £ per cent. ? 2 per cent. ? 3 per cent. ? 4£ per cent. ? 5 per cent. ? 6 per cent. ? 7 per cent. ? 7£ per cent. ? 8 per cent.?
Page xiii - 2 - 2702 = £ ™ 5s 5d, as required. Similarly, if it were required to find the value of an annuity of £l on the life of a child aged one year, we should, as before, refer to the Table of Mortality, and conceive the life proposed to be one of 8650 children all of the same age and prospect of longevity, and upon whose lives similar annuities are made payable. This assumption being made, it is manifest...
Page liii - A copyhold estate is held on three lives aged respectively 61, 50, and 45, each renewable at the end of the year in which it drops by a life of 7 years of age on payment of a fine of £5. Give an expression for the present value of all the fines for ever.
Page xiv - Whence it follows that the value of an annuity on the life of a child just born...
Page 10 - Table at the end of the present work has been formed, which shows the amount of an annuity of £1 per annum at the end of any number of years not exceeding...
Page lxxix - A = 1-Sa-, that is, the present value of 1 payable at the end of n years, interest being at i per annum convertible momently.
Bibliographic information
| Title | Commutation tables for joint annuities and survivorship assurances, Volume 1; Volume 73 Commutation tables for joint annuities and survivorship assurances, David Chisholm |
| Author | David Chisholm |
| Published | 1858 |
| Original from | Oxford University |
| Digitized | Jul 5, 2006 |
| Export Citation | BiBTeX EndNote RefMan |