Observations On Reversionary Payments On Schemes for Providing Annuities for W
Observations On Reversionary Payments On Schemes for Providing Annuities for W
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An eafy method may be hence deduced of folv- ing the queftion which occafions this note -If the number of the members of the eftablifhment I have fuppofed, is 665, and the mean ages at which marriage may be deemed to commence are 25 and 33, 19. 8 widows will (ithasjuft appeared) be left every year-, and the values of their lives, when they commence widowhood, will be, one 4 wd* APPENDIX. 291 with another, 12- years purchafe. An annuity of 20/. Will, therefore, be worth, to each widow, 250!. And... 19. 8 fuch annuities muft be worth 49507. Which, confequently, is the annual income necef- fary for the fupport of the efta'oliftiment, the firft payment to be received immediately : or /. 7. 44 from each of the 665 members -, which anfwers nearly to the determination in page 44. In the Laft Eflay, p. 296, it has been fhewn, that obfervations determine the chance of furvivorfhip in favour of the wife in marriage, to be really fo great as 3 to 2, and in fome circumitances greater. I have alfo there obferved, that in order to account for this, from the difference of age between men and their wives, this difference muft be at lead 12 years, and the mean ages of all who marry annually, muft be fuppofed to be about 23 and 35.
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To quickly assess the difficulty of the text, read a short excerpt:
An eafy method may be hence deduced of folv- ing the queftion which occafions this note -If the number of the members of the eftablifhment I have fuppofed, is 665, and the mean ages at which marriage may be deemed to commence are 25 and 33, 19. 8 widows will (ithasjuft appeared) be left every year-, and the values of their lives, when they commence widowhood, will be, one 4 wd* APPENDIX. 291 with another, 12- years purchafe. An annuity of 20/. Will, therefore, be worth, to each widow, 250!. And... 19. 8 fuch annuities muft be worth 49507. Which, confequently, is the annual income necef- fary for the fupport of the efta'oliftiment, the firft payment to be received immediately : or /. 7. 44 from each of the 665 members -, which anfwers nearly to the determination in page 44. In the Laft Eflay, p. 296, it has been fhewn, that obfervations determine the chance of furvivorfhip in favour of the wife in marriage, to be really fo great as 3 to 2, and in fome circumitances greater. I have alfo there obferved, that in order to account for this, from the difference of age between men and their wives, this difference muft be at lead 12 years, and the mean ages of all who marry annually, muft be fuppofed to be about 23 and 35.
What to read after Observations On Reversionary Payments On Schemes for Providing Annuities for W?
You can find similar books in the "Read Also" column, or choose other free books by Richard Pryce to read onlineMoreLess
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