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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“The vulgar call good fortune that which really is produced by the calculations of genius.”
—Ralph Waldo Emerson (1803–1882)