442.540. Rule of calculation. - Missouri Statutes

Rule of calculation.

442.540. Calculate the interest at six percent upon the sumto the income of which, or upon the value of the property to theuse of which, the person is entitled; multiply this interest bythe present value of an annuity of one dollar, as set oppositethe person's age in the table, and the product will be the grossvalue of the life estate of such person therein. The age of suchperson as indicated by the birthday nearest to the time when saidcomputation is made shall be taken to be the age of such personin making said computation.

(RSMo 1939 § 3523)

Prior revisions: 1929 § 3133; 1919 § 7548; 1909 § 8500