Abstract
On the question of whether Ulpian’s table contains an interest factor Hendriks (1852, p. 224) writes: “… as it was the special duty of the jurist to look to a sufficient fund being created for the discharge of the obligations under such annuities, he is not likely in those times to have taken much account of interest, which at best could only have been continuously obtained with great difficulty.” The table values should be recognized as excessive if an interest rate much above 1% is incorporated, and we believe with Hendriks that none is.
From The Origin and Early History of Insurance, pp. 151–152. London: P.S. King & Son.
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References
C.F. Trenerry (1926) From The Original and Early History of Insurance, pp. 151–152. London: P.S. King & Son.
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© 1977 Springer-Verlag Berlin · Heidelberg
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Trenerry, C.F. (1977). Tables of Annuity Values Which Were Sanctioned by the Roman Law for the Purposes of the Lex Falcidia. In: Mathematical Demography. Biomathematics, vol 6. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-81046-6_1
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