INCREASING AND DECREASING ANNUITIES. 201
13
Required the present value of an annuity on a life aged 30, com
mencing at £40 and increasing £5 each year until death. (Northamp
ton 3 per cent.)
(a—p) N m +pS m _ (40—5)N 30 +5.S 30
Dm D 30
N 30 = 30570.053
53
“91710159
15285027
1069951.86
S 30 = 446138.7
5
2230693^5
1069951.9
D 30 — 1806.562)3300645.4 (1827.031 =
1806562 ¿£1827 0 8
,14940834
’14452496
488338
361312
127026
126459
567
542
25~
Required the present value of an annuity on a life aged 70, com
mencing at £200, and decreasing £5 each year until death. (North
ampton 3 per cent.)
(a+P) N m -p.S m _ 205N 7 q— 5.S 70
D m “ D 70
N 70 = 1047.824
502
2095648
52391
214803.9
S 70 — 6264.30
5
31321.50
31321.5
D 70 = 155.598) 183482.4(1179.209=£l 179 4 2
155598
27884 4
123246
108919]
14327
14003
324
311