Abstract
The late Mr. William Morgan, in the second edition of his Principles and Doctrine of Assurances and Annuities on Lives, published in the year 1821, has, in the 7th Problem of that work, investigated “the method of determining the amount of an annuity forborn and improved at compound interest during the continuance of a given life.” This problem he has subsequently discussed in an algebraical form, in Note V., page 154; and he has moreover given a table (Table VII.) showing the sum to which an annuity for-born and improved at 4 per cent, compound interest will amount, on the extinction of a given life, computed according to the foregoing method, from the Northampton Table of Observations.
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