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On Annuities and Assurances on Successive Lives

Published online by Cambridge University Press:  18 August 2016

Thomas Weddle
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Extract

Milne, in his Treatise on Annuities, chapter vii., has discussed this subject with much clearness and elegance; yet his method of investigation does not seem to be the best possible, nor do I think that his results are given in forms well adapted to numerical applications. It may therefore be not altogether useless to consider the subject in a somewhat different manner, and so to exhibit the formulas as best to meet the wants of the computer.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 13 , Issue 4 , January 1867 , pp. 221 - 226
Copyright
Copyright © Institute and Faculty of Actuaries 1867

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References

page 224 note * “By the status of an annuity, I mean the state or condition of things during the continuance of which the annuity is to be paid.”–De Morgan's Essay on Probabilities, p. 190.