This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1783 Excerpt: ... have accrued to the publick ac thereby re-the end of the 31st year of the said term by the deaths of the aforesaid deemed at the 31,400 life-annuitants, would be 224,073.0609 per annum. end ot the (aid ' " term ot 60 years. Of the saving CCLXXXVI. In the course of the thirty-second year of this term ma(3eofC the tle ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1783 Excerpt: ... have accrued to the publick ac thereby re-the end of the 31st year of the said term by the deaths of the aforesaid deemed at the 31,400 life-annuitants, would be 224,073.0609 per annum. end ot the (aid ' " term ot 60 years. Of the saving CCLXXXVI. In the course of the thirty-second year of this term ma(3eofC the tle 3800 life-annuitants of the age of 66 years who were living at the Jhirty-second' cnc or tnc thirty-first year, or at the age of 66 years, will be reduced to year by the 36,400. Therefore 1600 more of the said life-annuitants will have died deaths oflife-in the course of this thirty-second year. And consequently at the end of ajnuitint. thirty-second year there will be a saving to the Government of (31,400 + 1,600, or) 33,000 payments of 57.2049 each, which would have th: rn become due to the 33,030 life annuitants who will have died in the thirty two preceeding years, if they had lived till that time. There will therefore 6e in the hands of Government at the end of this thirty-second year the sum of 33,000 x 57.2049, or 1,887,761.7000, t0 Dc employed during the remainder of the said term of 60 years, that is, during 28 years, in. diminishing the national debt; which will be sufficient to extinguish as much of the capital of the said debt as is equal in value to the sum to which this second saving of 1,887,761.7000 will increase in the course of 28 years, if it be constantly improved during that time at compound interest at the rate of 4 percent. Now the amount of 1,8X7,761.7000. at the end of 28 years, when improved during that time at compound interest at the rate of 4 per cent, appears by Mr. Smart's first table of compound interest, page 54, to be 1,887,761.7000 x 2.998,703, or 5,660,836.6...
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Add this copy of The Principles of the Doctrine of Life-Annuities.. to cart. $60.53, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Wentworth Press.