442.550. Examples. - Missouri Statutes

Examples.

442.550. Suppose a person whose age is forty-two is tenantfor life in the whole of an estate worth ten thousand fivehundred dollars; the annual interest on that sum at six percentis six hundred and thirty dollars. The present value of anannuity of one dollar at the age of forty-two, as appears by thetable, is eleven dollars and seventy-seven cents and nine mills,which multiplied by six hundred and thirty dollars, gives seventhousand four hundred and twenty dollars and seventy-seven centsas the gross value of such life estate in the premises, or theproceeds thereof. Again suppose a widow whose age is thirty-sixis entitled to dower in real estate worth twelve thousanddollars; interest on four thousand dollars, the third partthereof, for one year, is two hundred and forty dollars, which,multiplied by twelve dollars and forty-six cents and five mills,the present value of annuity of one dollar at the age ofthirty-six, as appears by the table, gives two thousand ninehundred and ninety-one dollars and sixty cents, as the grossvalue of such dower.

(RSMo 1939 § 3524)

Prior revisions: 1929 § 3134; 1919 § 7549; 1909 § 8501