55-270 - Rule of calculation. - Virginia Statutes

§ 55-270. Rule of calculation.

Calculate the interest at eight percent upon the sum to the income of which,or upon the value of the property to the use of which, the person isentitled. Multiply this interest by the present value of an annuity of onedollar, as set opposite the person's age in the table, and the product is thegross value of the life estate of such person therein.

(Code 1919, § 5132; 1946, p. 555; 1981, c. 612.)