30 ON THE VALUE OF ANNUITIES.
Nominal
rate of
Interest.
Payable.
Present
value
of ¿£1 in
one year.
Logarithm of
such present
value.
Nominal
rate of
Interest.
Payable.
Present
value
of £\ in
one year.
Logarithm of
such present
value.
y
.980392
T. 9913998282
y
.952381
T.9788107009
2
h
.980296
T. 9913572524
5
h
.951814
1.9785522692
per cent
?
.980247
1.9913357530
per cent
y
.951524
T.9784198725
m
.980199
T.9913141104
m
.951230
T.9782852759
y
.975610
Î. 9892761346
y
.943396
T. 9746941347
â|
h
.975461
f. 9892099362
6
h
.942596
T. 9743255506
per cent
y
.975386
1.9891764265
per cent
y
.942184
T.9741358310
m
.975310
r.9891426380
m
.941764
T. 9739423311
y
.970874
1~. 9871627753
y
.934579
T.9706162223
3
h
.970662
T.9870679155
7
h
.933511
T. 9701193004
per cent
y
.970554
l". 9870197807
per cent
y
.932958
F. 9698623284
m
.970445
IT. 9869711655
m
.932394
T.9695993863
y
.966184
r. 9850596502
y
.925926
1.9665762445
QJL
0t 2
k
.965898
T. 9849311642
8
h
.924556
T.9659333214
per cent
y
.965752
T. 9848658091
per cent
y
.923845
T.9655993130
m
.965605
T. 9847996931
m
.923116
T.9652564414
y
.961538
T.9829666607
y
.917431
T. 9625735021
4
h
.961169
1.9827996565
9
h
.915730
T.9617674191
percent
y
.960980
1.9827145049
per cent
y
.914843
1.9613467333
m
.960789
1.9826282207
m
.913931
T. 9609134966
y
.956938
1.9808837096
y
.909091
1.9586073148
h
.956474
n9806733666
10
h
.907029
1.9576214019
per cent
y
.956238
1.9805658615
per cent
y
.905950
1.9571045384
m
.955997
1.9804567483
m
.904837
T.9565705518
AMOUNT OF ANNUITIES AT COMPOUND INTEREST.
45. We now proceed to consider cases in Annuities where compound
interest is allowed.
Let s = the amount of the annuity,
a = the annuity,
n — the number of years,
i = interest of £l per annum.
From what has been shewn in treating of the amount of Annuities at
simple interest, in Art. 14, it appears that the amount of an annuity
of £l in n years is found by summing the respective amounts of £l at
the end of 0,1,2, 3,4,5, &c. to (n — 1) years. The amount of £l
received at the end of 0 years after due, i. e. received immediately when