FREE BOOKS

Author's List




PREV.   NEXT  
|<   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103  
104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   >>   >|  
9,560 | 67 | 65 | 4931 | 215 | | 22 | 9,493 | 59 | 66 | 4716 | 220 | | 23 | 9,434 | 73 | 67 | 4496 | 220 | | 24 | 9,361 | 64 | 68 | 4276 | 237 | | 25 | 9,297 | 48 | 69 | 4039 | 246 | | 26 | 9,249 | 64 | 70 | 3793 | 213 | | 27 | 9,185 | 60 | 71 | 3580 | 222 | | 28 | 9,125 | 71 | 72 | 3358 | 268 | | 29 | 9,054 | 67 | 73 | 3090 | 243 | | 30 | 8,987 | 74 | 74 | 2847 | 300 | | 31 | 8,913 | 65 | 75 | 2547 | 241 | | 32 | 8,848 | 74 | 76 | 2306 | 245 | | 33 | 8,774 | 73 | 77 | 2061 | 224 | | 34 | 8,701 | 76 | 78 | 1837 | 226 | | 35 | 8,625 | 71 | 79 | 1611 | 219 | | 36 | 8,554 | 75 | 80 | 1392 | 196 | | 37 | 8,479 | 81 | 81 | 1196 | 191 | | 38 | 8,398 | 87 | 82 | 1005 | 173 | | 39 | 8,311 | 88 | 83 | 832 | 172 | | 40 | 8,223 | 81 | 84 | 660 | 119 | | 41 | 8,142 | 85 | 85 | 541 | 117 | | 42 | 8,057 | 87 | 86 | 424 | 92 | | 43 | 7,970 | 84 | 87 | 332 | 72 | | 44 | 7,886 | 93 | 88 | 260 | 74 | | 45 | 7,793 | 97 | 89 | 186 | 36 | | 46 | 7,696 | 96 | 90 | 150 | 34 | | 47 | 7,600 | 107 | 91 | 116 | 36 | | 48 | 7,493 | 106 | 92 | 80 | 36 | | 49 | 7,387 | 113 | 93 | 44 | 29 | | 50 | 7,274 | 120 | 94 | 15 | 0 | | 51 | 7,154 | 124 | 95 | 15 | 5 | | 52 | 7,030 | 120 | 96 | 10 | 10 | | 53 | 6,910 | 119 | | | | +------+---------+--------+------+---------+--------+ It appears that it had long been the practice in Holland for life annuities to be granted to nominees of any age, in the constant proportion of double the rate of interest allowed on stock; that is to say, if the towns were borrowing money at 6%, they would be willing to grant a life annuity at 12%, and so on. De Witt states that "annuities have been sold, even in the present century, first at six years' purchase, then at seven and eight; and that the majority of all life annuities now current at the country's expense were obtained at nine years' purchase";
PREV.   NEXT  
|<   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103  
104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   >>   >|  



Top keywords:

annuities

 

purchase

 

appears

 

proportion

 

present


century

 

states

 

country

 
expense
 

obtained


current

 

majority

 

annuity

 

constant

 

double


interest

 

Holland

 
granted
 

nominees

 

allowed


borrowing
 

practice