Volume 1

Observations on reversionary payments; on schemes for providing annuities for widows, and for persons in old age; on the method of calculating the values of assurances on lives; and on the national debt. Also, essays on different subjects in the doctrine of life-annuities and political arithmetic ... / by Richard Price. The whole new arranged, and enlarged ... by William Morgan.

  • Price, Richard, 1723-1791.
Date:
1812
Catalogue details

Licence: Public Domain Mark

Credit: Observations on reversionary payments; on schemes for providing annuities for widows, and for persons in old age; on the method of calculating the values of assurances on lives; and on the national debt. Also, essays on different subjects in the doctrine of life-annuities and political arithmetic ... / by Richard Price. The whole new arranged, and enlarged ... by William Morgan. Source: Wellcome Collection.

    255/474 (page 201)
    16,033 (the value by ‘Table XIX. of the sin- gle life of 20) and 9.630 the value by Table XX. of the joint lives 20 and 50?. That is, 7.403, or 72 of a year's’ meomge nearly, reckoning*ifiterest at 4 per cent ——Again, the value of the renewal of a lease held by three lives, after one is dropped, is (sup- posing the two existing lives aged 50 and 58, and the life tobe added aged 20)’ the difference between the'value of the longest of the three lives and the value of the longest of ‘two lives aged':50 and 55. The former of these values by Tables XIX: and XX. is 18. 178% the latter by the same Tables is 13.872; their difference is 4.306, or 4,3, _ years purchase; which, therefore, is the fine due for such a renewal, reckoning interest at 4 per cent. N.B. ff the vahies of such renewals are wanted at any rates of interest higher or lower than those for which the values of single and joint lives are given in the Ta- bles in the 2d volume, they must be deduced _ from the values in those ‘Tables by the Rules given in the next Chapter. It would be an endless labour to compute tables shewing the value of such renewals in all cases; and these directions a ag it an aiviaos gth ails ? See page 2, gt | 4 By. Prob. Xin Sipe 5 Select. Exercises, or by the hie at the end of Table X XVI. Vol. IL: * See the note in page 43 of this volume. 2 | Some-