Miscellanea Curiosa, Vol. 1: Containing a collection of some of the principal phaenomena in nature, accounted for by the greatest philosophers of this age
History
Miscellanea Curiosa, Vol. 1: Containing a collection of some of the principal phaenomena in nature, accounted for by the greatest philosophers of this age
Natural history; Science -- Early works to 1800; Voyages and travels -- Early works to 1800
To 39 in 50 in 58, for the sixth Year, so
0,7050. to 0,00051051.
And so forth to the 60th Year, when we suppose the elder Life of Forty
certainly to be expired; from whence till Seventy we must compute for
the First and Second only, and from thence to Ninety for the single
youngest Life. Then the Sum Total of all these Fourth Proportionals
being taken out of the Value of a certain Annuity for 90 Years, being
16,58 Years Purchase, shall leave the just Value to be paid for an
Annuity during the whole Term of the Lives of Three Persons of the Ages
proposed. And note, that it will not be necessary to compute for every
Year singly; but that in most Cases every 4th or 5th Year may suffice,
interpoling for the intermediate Years _seceundum artem_.
It may be objected, that the different _Salubrity_ of Places does hinder
this Proposal from being _universal_; nor can it be denied. But by the
Number that die, being 1174. _per Annum_ in 34000, it does appear that
about a 30th part die yearly, as Sir _William Petty_ has computed for
_London_; and the Number that die in Infancy, is a good Argument that
the Air is but indifferently salubrious. So that by what I can learn,
there cannot perhaps be one better Place proposed for a Standard. At
least 'tis desired, that in Imitation hereof the Curious in other Cities
would attempt something of the same Nature, than which nothing perhaps
can be more useful.
Were this _Calculus_ founded on the Experience of a very great number of
Years, it would be very well worth the while to think of Methods for
facilitating the Computation of the Value of two, three, or more Lives;
which, as proposed in my former, seems (as I am inform'd) a Work of too
much Difficulty for the ordinary Arithmetician to undertake.
I have sought, If it were possible, to find a Theorem that might be more
concise than the Rules there laid down, but in vain; for all that can be
done to expedite it, is, by Tables of Logarithms ready computed, to
exhibit the _Rationes_ of _N_ to _Y_ in each single Life, for every
third, fourth, or fifth Year of Age, as occasion shall require; and
these Logarithms being added to the Logarithms of the present Value of
Money payable after so many Years, will give a Series of Numbers, the
Sum of which will shew the Value of the Annuity sought. However, for
each Number of this Series, two Logarithms for a single Life, three for
two Lives, and four for three Lives, must necessarily be added together.
If you think the Matter, under the Uncertainties I have mentioned, to
deserve it, I shall shortly give you such a Table of Logarithms, as I
speak of, and an Example or two of the use thereof: But by Vulgar
Arithmetick, the Labour of these Numbers were immense; and nothing will
more recommend the useful Invention of Logarithms to all Lovers of
Numbers, than the advantage of Dispatch in this and such like
Computations.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account