NC Gen Stat § 8-47 (2021)
2021 North Carolina General Statutes|Chapter 8 - Evidence|Article 5 - Life Tables.|§ 8-47 - Present worth of annuities.

 8-47. Present worth of annuities.Whenever it is necessary to establish the present worth or cash value of an annuity to a person, payable annually during the person's life, such present worth or cash value may be ascertained by the use of the following table in connection with the mortality tables established by law, the first column representing the number of years the annuity is to run and the second column representing the present cash value of an annuity of one dollar for such number of years, respectively: No. of Years Annuity  Cash Value of the Annuity   is to Run  of $1    1  ...............................................   $ 0.943    2  ...............................................   1.833    3  ...............................................   2.673    4  ...............................................   3.465    5  ...............................................   4.212    6  ...............................................   4.917    7  ...............................................   5.582    8  ...............................................   6.210    9  ...............................................   6.802    10  ...............................................   7.360    11  ...............................................   7.887    12  ...............................................   8.384    13  ...............................................   8.853    14  ...............................................   9.295    15  ...............................................   9.712    16  ...............................................   10.106    17  ...............................................   10.477    18  ...............................................   10.828    19  ...............................................   11.158    20  ...............................................   11.470    21  ...............................................   11.764    22  ...............................................   12.042    23  ...............................................   12.303    24  ...............................................   12.550    25  ...............................................   12.783    26  ...............................................   13.003    27  ...............................................   13.211    28  ...............................................   13.406    29  ...............................................   13.591    30  ...............................................   13.765    31  ...............................................   13.929    32  ...............................................   14.084    33  ...............................................   14.230    34  ...............................................   14.368    35  ...............................................   14.498    36  ...............................................   14.621    37  ...............................................   14.737    38  ...............................................   14.846    39  ...............................................   14.949    40  ...............................................   15.046    41  ...............................................   15.138    42  ...............................................   15.225    43  ...............................................   15.306    44  ...............................................   15.383    45  ...............................................   15.456    46  ...............................................   15.524    47  ...............................................   15.589    48  ...............................................   15.650    49  ...............................................   15.708    50  ...............................................   15.762    51  ...............................................   15.813    52  ...............................................   15.861    53  ...............................................   15.907    54  ...............................................   15.950    55  ...............................................   15.991    56  ...............................................   16.029    57  ...............................................   16.065    58  ...............................................   16.099    59  ...............................................   16.131    60  ...............................................   16.161    61  ...............................................   16.190    62  ...............................................   16.217    63  ...............................................   16.242    64  ...............................................   16.266    65  ...............................................   16.289    66  ...............................................   16.310    67  ...............................................   16.331  The present cash value of the annuity for a fraction of a year may be ascertained as follows: Multiply the difference between the cash value of the annuities for the preceding and succeeding full years by the fraction of the year in decimals and add the sum to the present cash value for the preceding full year. When a person is entitled to the use of a sum of money for life, or for a given time, the interest thereon for one year, computed at four and one half percent (4 1/2%), may be considered as an annuity and the present cash value be ascertained as herein provided: Provided, the interest rate in computing the present cash value of a life interest in land shall be six percent (6%).Whenever the mortality tables set out in G.S. 8-46 are admissible in evidence in any action or proceeding to establish the expectancy of continued life of any person from any period of the person's life, whether the person is living at the time or not, the annuity tables herein set forth shall be evidence, but not conclusive, of the loss of income during the period of life expectancy of the person. (1905, c. 347; Rev., s. 1627; C.S., s. 1791; 1927, c. 215; 1943, c. 543; 1957, c. 497; 1959, c. 879, s. 3; 1965, c. 991; 1997-133, s. 2.)