WVC 43 - 2 - 3
Suppose a person whose age is fifty is tenant for life in the
whole of an estate worth $18,000. The annual interest on that sum
at five and six-tenths percent is $1,008. The present value of an
annuity of one dollar at the age of fifty, as appears by the table
in the annuity column, is $13.3158, which multiplied by $1,008, the
amount of the annual interest, gives $13,422.33 as the gross value
of such life estate in the premises or the proceeds thereof.