St Marys Books

This 1st 1725 edition of a most important work, this example re-bound in half brown calf binding, with marble boards, gilt ruled boarder, with gilt titles, small loss to the front free endpaper and to the top of the title page. 110 pp.Moivre formulated the theory of annuities from a postulated uniform rate of mortality and constant rates for interest on money. In determining the rate of mortality, he used the mortality statistics gathered by Edmund Halley in the 1690s (included in the tables at end). "Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine, and other contracts in which both age and interest on capital are relevant. This mathematics became a standard part of all subsequent commercial applications in England, A very good copy housed in a attractive half calf binding.