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Back in the days before personal computers, actuaries relied solely on published tables for their calculations. These were not just the mortality tables, but monetary functions of these tables known as commutation factors. My old student tables from 1980 list commutation and other factors at discount rates of 4%, 6% and 8% (the latter rate seems almost comically high by current standards).

Written by: Stephen RichardsTags: Filter information matrix by tag: age rating, Filter information matrix by tag: Makeham-Beard