A Treatise On Tontine : in Which the Evils of the Old System Are Exhibited, And An Equitable Plan Suggested for Rendering the Valuable Principle of Tontine More Beneficially Applicable to Life Annuities : With An Account of the Successful Operation of the

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23 Income of an Income of an'income of an Investment of Investment of Investment of t'lOO in a Life £100 in a Life' £100 in a Price of £100 Age.
Annuity In- Annuity In- Tontine Stock of the Tontine terest at 3 j per terest at Sf per bearing Inter- Stock.
cent Stock 85g cent Stock 91§ est at 4| per to 68|.
to 93.
cent.
15 £5 1 6 £4 17 3 ^3 17 3 ^122.9773 25 5 8 6 5 4 3 4 4 3 112.7596 36 5 19 5 14 10 4 14 10 100.1757 45 6 15 1 6 11 3 5 11 3 85.3932 55 8 9 10 8 5 11 7 5 11 65.1056 65 11 8 11 11 4
...11 10 4 11 46.3414 75 17 6 1 17 2 1 16 2 1 29.4954 80 24 5 24 10 23 10 20.6148 By an attentive consideration of the foregoing table it will be seen, that the advantages of survi- vorship are as great at the oldest age as at any other; for although the annuity is at first as much below the income of a life annuity as at the youngest age, viz. about one per cent, yet the advantage of sur- vivorship operates exactly in proportion to the re- spective ages ; so that every additional five shillings per cent interest added to the Stock, would, to a per- son of the age of eighty, increase the interest of his investment above twenty-four shillings per cent, while an investment at the age of fifteen would be increased little more than four shillings ; thus com- pensating for the shorter time that the aged are likely to enjoy the benefit of survivorship.

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