ANNUITY TABLE. A table corresponding with the Northampton tables referred to in the 85th rule, showing the value of an annuity of one dollar, at six per cent, on a single life, at any age from one year to ninety-four, inclusive: RULES FOR COMPUTING THE VALUE OF THE LIFE ESTATE OR ANNUITY. Calculate the interest at six per cent for one year, upon the sum to the income of which the person is entitled. Multiply this interest by the number of years' purchase set opposite the person's age in the table, and the product is the gross value of the life estate of such person in said sum. EXAMPLES. Suppose a widow's age is 37, and she is entitled to dower in real estate worth $350.75. One-third of this is $116.91%. Interest on $116.91 one year, at six per cent (as fixed by 8ith rule), is $7.01. The number of years' purchase which an annuity of $1 is worth at the age of 37, as appears by the table, is 11 years and 25-1000 parts of a year, which, multiplied by $7.01, the income for one year, gives $77.35 and a fraction as the gross value of her right of dower. Suppose a man whose age is 50 is tenant by the curtesy in the whole of an estate worth $9,000. The annual interest on the sum, at six per cent, is $540. The number of years' purchase which an annuity of $1 is worth, at the age of 50, as per table, is 9 417-1000 parts of a year, which, multiplied by $540, the value of one year, gives $5,085.18 as the gross value of his life estate in the premises, or the proceeds thereof. NOTE. The values in this table are calculated on the supposition that the annuities are payable yearly; if payable half-yearly, one-fifth of a year's purchase should be added to those values. For the rule to compute the present value of an inchoate or contingent right of dower, vide Jackson v. Edwards, 7 Paige 408; McKean's Pr. Int. Tables, 25, § 4; Hendry's Ann. Tables, 87, prob. 4. INDEX TO GENERAL RULES OF SUPREME COURT. Absent defendants: Accounts: Rule. of county treasurers, how kept...... 83, 84 depending July 1, 1848, how conducted, 97 inquests on, when may be taken out of where no provision is made by statute, 1 56 settlement of issues on.. 87 40 when adultery of plaintiff may be set up, 90 affidavit swearing to, what to state..... 29 in actions for divorce, may be required application for an examination under concerning venue, either party may 21 60 |