Concerning life annuities
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Publication:6475142
arXivmath/0502421MaRDI QIDQ6475142FDOQ6475142
Authors: Leonhard Euler 
Publication date: 19 February 2005
Abstract: This seems to be the first English translation of this paper from the French original, ``Sur les rentes viageres. In the paper, Euler gives a general formula for calculating the price of a life annuity that yields a certain amount per year, assuming the annuity manager can get a 5 percent return, for people of different ages. He also gives formulas to calculate the price of annuities that only start to pay out a certain number of years after they are purchased. He gives many numerical examples, giving tables for the prices of annuities for annuitants up to 90 years old.
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