A Treatise On Friendly Societies With Tables Constructed From the Sickness And
A Treatise On Friendly Societies With Tables Constructed From the Sickness And
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15 which is a more convenient formula for constructing tables of the values of assurances (presently to he explained) than formula (1).
The number in column C of Tahle IV. , opposite each age, is the product of the numher dying in the year following that age into the present value of 1 due as many years hence as are equal to that age increased by unity, so tbat in (2) the numerator of the fraction is equal to C, +i-i, and the denomi- nator to D z . Hence the formula becomes finally By means of ...columns C and D we are now enabled to compute the values of endowment assurances by simple division.
For example, as above : Value of an endowment assurance of 10, payable at the end of seven years if a person now aged 30 shall die in his 37th year, at 3 per cent.
17. To find tJie value of an assurance of 1, payable at the end of tJie year in which x shall die.
The value of the assurance is the sum of the present values of 1 payable at the end of 1, 2, 3, ... Years, to the last tabular age, if x shall die in the 1st, 2nd, 3rd, .
What to read after A Treatise On Friendly Societies With Tables Constructed From the Sickness And?
You can find similar books in the "Read Also" column, or choose other free books by Patton William to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
15 which is a more convenient formula for constructing tables of the values of assurances (presently to he explained) than formula (1).
The number in column C of Tahle IV. , opposite each age, is the product of the numher dying in the year following that age into the present value of 1 due as many years hence as are equal to that age increased by unity, so tbat in (2) the numerator of the fraction is equal to C, +i-i, and the denomi- nator to D z . Hence the formula becomes finally By means of ...columns C and D we are now enabled to compute the values of endowment assurances by simple division.
For example, as above : Value of an endowment assurance of 10, payable at the end of seven years if a person now aged 30 shall die in his 37th year, at 3 per cent.
17. To find tJie value of an assurance of 1, payable at the end of tJie year in which x shall die.
The value of the assurance is the sum of the present values of 1 payable at the end of 1, 2, 3, ... Years, to the last tabular age, if x shall die in the 1st, 2nd, 3rd, .
What to read after A Treatise On Friendly Societies With Tables Constructed From the Sickness And?
You can find similar books in the "Read Also" column, or choose other free books by Patton William to read onlineMoreLess
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