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|Fanny Dashwood -- amateur actuary :-)
Written by kathleen (elder)
(9/6/2009 11:58 a.m.)
in consequence of the missive, Cunning Fanny, penned by Barb JA
Fanny is correct that paying out 1500 pounds at once isn't a lot more expensive than a lifetime annuity of 100 pounds per year to a person aged 40. The only savings would be in the interest earned on the amount not yet paid.
And John is incorrect in thinking that his step-mother isn't likely to live even 15 more years -- based on actuarial tables of the time period, Mrs Dashwood's life expectancy was another 31 years.
There is an excellent article by Daniel Skwire regarding the actuarial matters discussed in all 6 of JA's novels. I have linked it below. Be warned that there is mathematics!! Also, spoilers for S&S if you haven't yet read beyond the current chapters. :-)
|Actuarial Issues in the Novels of Jane Austen|
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