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Virginia Code Title 55.1. Property and Conveyances § 55.1-500. Annuity table

Current as of January 01, 2025 | Updated by Findlaw Staff

When a party as tenant for life is entitled to the annual interests on a sum of money, or is entitled to the use of any estate, or a part thereof, and is willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable life of such person, according to the following table, showing in Column I the present value, on the basis of eight percent interest, of an annuity of $1, payable at the end of every year that a person of a given age may be living, for the ages therein stated:

PRESENT VALUE

Age last birthday

I
life

II
lives

Less than one year

12.060

11.670

1

12.291

12.124

2

12.291

12.127

3

12.286

12.120

4

12.278

12.107

5

12.267

12.091

6

12.256

12.071

7

12.242

12.049

8

12.227

12.024

9

12.211

11.996

10

12.192

11.965

11

12.171

11.930

12

12.149

11.892

13

12.125

11.852

14

12.102

11.812

15

12.078

11.773

16

12.055

11.736

17

12.032

11.701

18

12.010

11.666

19

11.988

11.632

20

11.964

11.596

21

11.939

11.559

22

11.913

11.521

23

11.886

11.480

24

11.857

11.437

25

11.824

11.389

26

11.789

11.336

27

11.751

11.278

28

11.709

11.215

29

11.664

11.148

30

11.615

11.075

31

11.564

10.998

32

11.510

10.917

33

11.452

10.831

34

11.391

10.741

35

11.326

10.645

36

11.258

10.545

37

11.186

10.440

38

11.110

10.331

39

11.031

10.217

40

10.948

10.098

41

10.861

9.975

42

10.770

9.847

43

10.675

9.714

44

10.576

9.576

45

10.473

9.434

46

10.365

9.288

47

10.254

9.138

48

10.138

8.983

49

10.018

8.824

50

9.893

8.661

51

9.764

8.493

52

9.631

8.322

53

9.493

8.147

54

9.352

7.970

55

9.207

7.790

56

9.057

7.608

57

8.904

7.423

58

8.747

7.237

59

8.586

7.048

60

8.421

6.856

61

8.252

6.662

62

8.078

6.466

63

7.900

6.267

64

7.718

6.067

65

7.532

5.865

66

7.343

5.663

67

7.150

5.460

68

6.954

5.256

69

6.755

5.052

70

6.552

4.847

71

6.345

4.640

72

6.134

4.431

73

5.920

4.222

74

5.705

4.015

75

5.491

3.812

76

5.279

3.615

77

5.069

3.424

78

4.861

3.239

79

4.654

3.057

80

4.448

2.879

81

4.244

2.706

82

4.044

2.538

83

3.846

2.376

84

3.652

2.217

85

3.459

2.061

86

3.272

1.911

87

3.097

1.774

88

2.934

1.651

89

2.780

1.537

90

2.630

1.426

91

2.485

1.319

92

2.350

1.220

93

2.227

1.131

94

2.118

1.053

95

2.024

0.986

96

1.943

0.931

97

1.873

0.885

98

1.811

0.845

99

1.754

0.810

100

1.701

0.779

101

1.651

0.751

102

1.602

0.726

103

1.550

0.703

104

1.492

0.682

105

1.420

0.661

106

1.322

0.637

107

1.178

0.602

108

0.955

0.535

109

0.595

0.383
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Cite this article: FindLaw.com - Virginia Code Title 55.1. Property and Conveyances § 55.1-500. Annuity table - last updated January 01, 2025 | https://codes.findlaw.com/va/title-55-1-property-and-conveyances/va-code-sect-55-1-500/

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