Annuity Calculations
The mathematical theory of life annuities is based upon a knowledge of the rate of mortality among mankind in general, or among the particular class of persons on whose lives the annuities depend, see actuarial present value. In practice simply tables may be used, which vary in different places, but which are easily accessible.
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“He who is conversant with the supernal powers will not worship these inferior deities of the wind, waves, tide, and sunshine. But we would not disparage the importance of such calculations as we have described. They are truths in physics because they are true in ethics.”
—Henry David Thoreau (1817–1862)