(a) TABLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% a) TABLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ) TABLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% TABLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% TABLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ABLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% BLE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% LE: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% E: AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% : AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% AgeAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% geAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% eAverage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Average Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% verage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% erage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% rage Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% age Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ge Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% e Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Remaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% emaining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% maining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% aining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ining LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ning LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ing LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ng LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% g LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% LifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ifetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% fetimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% etimeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% timeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% imeImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% meImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% eImmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Immediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% mmediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% mediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ediate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% diate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% iate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ate Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% te Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% e Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Whole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% hole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ole Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% le Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% e Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Life Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ife Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% fe Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% e Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% Annuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% nnuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% nuity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% uity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ity at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% ty at Various Rates of InterestYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% y at Various 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Dollars6% Dollars8% Dollars10% Dollars12% tYearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% YearsYears4% Dollars6% Dollars8% Dollars10% Dollars12% earsYears4% Dollars6% Dollars8% Dollars10% Dollars12% arsYears4% Dollars6% Dollars8% Dollars10% Dollars12% rsYears4% Dollars6% Dollars8% Dollars10% Dollars12% sYears4% Dollars6% Dollars8% Dollars10% Dollars12% Years4% Dollars6% Dollars8% Dollars10% Dollars12% ears4% Dollars6% Dollars8% Dollars10% Dollars12% ars4% Dollars6% Dollars8% Dollars10% Dollars12% rs4% Dollars6% Dollars8% Dollars10% Dollars12% s4% Dollars6% Dollars8% Dollars10% Dollars12% 4% Dollars6% Dollars8% Dollars10% Dollars12% % Dollars6% Dollars8% Dollars10% Dollars12% Dollars6% Dollars8% Dollars10% Dollars12% Dollars6% Dollars8% Dollars10% Dollars12% ollars6% Dollars8% Dollars10% Dollars12% llars6% Dollars8% Dollars10% Dollars12% lars6% Dollars8% Dollars10% Dollars12% ars6% Dollars8% Dollars10% Dollars12% rs6% Dollars8% Dollars10% Dollars12% s6% Dollars8% Dollars10% 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Dollars174.9723.626016.442812.45799.99138.3314275.3723.647416.448012.45929.99178.3315374.4723.598816.436212.45629.99098.3313473.5423.546716.423412.45309.99018.3311572.5923.491616.409512.44949.98918.3308671.6323.433716.394712.44559.98818.3306770.6723.373616.379112.44139.98698.3302869.7023.310516.362312.43689.98578.3299968.7323.245016.344612.43199.98438.32951067.7523.176316.325712.42669.98278.32901166.7723.104816.305712.42089.98118.32851265.8023.031316.284712.41479.97928.32791364.8222.954216.262312.40809.97728.32731463.8422.874016.238512.40089.97498.32661562.8722.791616.213612.39319.97258.32581661.9022.705916.187212.38489.96998.32491760.9422.617916.159712.37609.96708.32401859.9722.525516.130212.36649.96388.32291959.0222.431616.099612.35629.96038.32172058.0622.333016.067012.34529.95658.32042157.1022.230716.032512.33339.95248.31892256.1522.125615.996412.32079.94798.31722355.1922.015315.957912.30699.94298.31542454.2421.902015.917512.29239.93748.31342553.2921.784415.874912.27659.93158.31112652.3321.661015.829312.25949.92508.30852751.3821.534215.781712.24129.91788.30572850.4221.401215.730812.22139.91008.30252949.4721.264615.677512.20029.90148.29903048.5221.122815.621212.17749.89218.295131 52.3321.661015.829312.25949.92508.30852751.3821.534215.781712.24129.91788.30572850.4221.401215.730812.22139.91008.30252949.4721.264615.677512.20029.90148.29903048.5221.122815.621212.17749.89218.29513147.5720.975615.561712.15309.88198.29083246.6220.822915.498812.12669.87078.28603345.6820.666015.433012.09869.85868.28063444.7320.501515.362812.06829.84528.27473543.7920.332515.289412.03589.83068.26813642.8620.159115.212712.00149.81498.26083741.9219.977315.130911.96399.79768.25263840.9919.790715.045411.92429.77888.24373940.0719.599314.956111.88199.75868.23384039.1419.398714.860811.83619.73628.22284138.2319.195214.762511.78799.71238.21074237.3118.981914.657611.73569.68598.19734336.4118.765714.549411.68089.65788.18274435.5018.539114.434111.62149.62688.16634534.6018.307014.313911.55849.59348.14844633.7118.069314.188711.49169.55748.12874732.8317.825914.058311.42109.51868.10734831.9517.573913.921111.34549.47658.08364931.0817.316213.778311.26549.43138.05775030.2117.049513.628111.17999.38218.02915129.3516.776713.472011.08969.32937.99805228.4916.494613.307810.99319.27207.96375327.6516.209713.139310.89249.21137.92675426.8015.911812.960210.78389.14487.88565525.9715.611012.776610.67069.07447.841556 29.3516.776713.472011.08969.32937.99805228.4916.494613.307810.99319.27207.96375327.6516.209713.139310.89249.21137.92675426.8015.911812.960210.78389.14487.88565525.9715.611012.776610.67069.07447.84155625.1415.300412.583810.54998.99827.79305724.3114.979412.381510.42128.91577.73975823.4914.651912.171810.28588.82767.68185922.6814.317911.954510.14348.73357.61926021.8813.977411.72979.99388.63327.55146121.0913.630511.49719.83678.52637.47826220.3013.272711.25369.66978.41107.39816319.5312.913211.00529.49698.29007.31286418.7612.542610.74549.31368.15987.21986518.0012.165710.47739.12168.02167.11966617.2511.782510.20088.92097.87507.01206716.5111.39339.91598.71117.71976.89646815.7810.99819.62258.49227.55546.77246915.0610.59719.32078.26387.38176.63977014.3510.19039.01048.02597.19846.49787113.679.79018.70107.78567.01086.35087213.019.39128.38877.53996.81676.19687312.389.00078.07917.29356.61976.03877411.778.61337.76847.04326.41745.87447511.188.22977.45726.78976.21015.70447610.617.85067.14626.53375.99865.52907710.047.46296.82476.26615.77525.3418789.487.07346.49825.99165.54355.1458798.936.68256.16715.71025.30374.9408808.406.29785.83775.42755.06044.7308817.905.92745.51765.15004.81934.5208827.425.56495. .52907710.047.46296.82476.26615.77525.3418789.487.07346.49825.99165.54355.1458798.936.68256.16715.71025.30374.9408808.406.29785.83775.42755.06044.7308817.905.92745.51765.15004.81934.5208827.425.56495.20144.87344.57684.3077836.985.22664.90364.61074.34454.1018846.574.90614.61924.35784.11913.9006856.174.58844.33514.10333.89063.6950865.804.29004.06643.86083.67133.4964875.433.98733.79183.61123.44413.2892885.093.70523.53423.37553.22823.0911894.773.43623.28703.14803.01852.8975904.473.18103.05102.92962.81602.7095914.182.93142.81902.71362.61462.5216923.922.70522.60762.51582.42932.3478933.692.50322.41792.33752.26162.1897943.502.33502.25932.18782.12012.0560953.332.18332.11592.05201.99141.9339963.182.04871.98821.93071.87611.8242973.061.94041.88521.83261.78271.7351982.951.84071.79011.74191.69611.6523992.851.74971.70321.65881.61651.57521002.771.67661.63331.59191.55241.5146(b)Example: Joe Doe is entitled to receive the income from a principal sum of ten thousand dollars ($10,000) during the life of one Martha Jones, fifty-five (55) years of age. There is a emainder estate in favor of Timothy Doe. In an appropriate proceeding a court in Arkansas has determined that the life tenant is to be paid a ne Martha Jones, fifty-five (55) years of age. There is a emainder estate in favor of Timothy Doe. In an appropriate proceeding a court in Arkansas has determined that the life tenant is to be paid a lump sum in commutation of his right to income for the life of Martha Jones; the court has further determined that four percent (4%) is the rate of interest obtainable on an investment of a sum of the size of the principal sum. In the table, follow the left-hand column, which is labeled 'age', down vertically until fifty-five (55) is reached; then move horizontally until the column headed '4%' is intersected. At the intersection is found the figure: 15.6110. This figure is to be multiplied by the yearly income, which is found by multiplying the principal sum by the appropriate rate of interest. In this case that would be ten thousand dollars ($10,000) multiplied by .04 equalling four hundred dollars ($400). Then 15.6110 multiplied by four hundred dollars ($400) equals six thousand two hundred forty-four dollars and forty cents ($6,244.40). This is the sum which the court would direct to be paid to Joe Doe in commutation of his income right. d dollars ($400) equals six thousand two hundred forty-four dollars and forty cents ($6,244.40). This is the sum which the court would direct to be paid to Joe Doe in commutation of his income right. Timothy Doe would be paid three thousand seven hundred fifty-five dollars and sixty cents ($3,755.60). See § 18-2-106: principal sum ten thousand dollars ($10,000) minus commuted life interest six thousand two hundred forty-four dollars and forty cents ($6,244.40) equals commuted remainder three thousand seven hundred fifty-five dollars and sixty cents ($3,755.60).Acts 1981, No. 350, § 5; A.S.A. 1947, § 50-705.
Arkansas Legal Code