§ 55-271. Example
Suppose a person whose age is 42 is tenant for life in the whole of an estate worth $10,500. The annual interest on that sum at 8 percent is $840. The present value of an annuity of $1 at the age of 42, as appears by the table, is $10.77, which, multiplied by $840, gives $9,046.80 as the gross value of such life estate in the premises, or the proceeds thereof.
(Code 1919, § 5133; 1946, p. 555; 1973, c. 355; 1981, c. 612; 1990, c. 831.)
Sections: Previous 55-268.17 55-268.18 55-268.19 55-268.20 55-269 55-269.1 55-270 55-271 55-272 55-272.1 55-273 55-274 55-275 55-276 55-277 NextLast modified: April 3, 2009