§8‑47.  Present worth of annuities.

Whenever it is necessary toestablish the present worth or cash value of an annuity to a person, payableannually during the person's life, such present worth or cash value may beascertained by the use of the following table in connection with the mortalitytables established by law, the first column representing the number of yearsthe annuity is to run and the second column representing the present cash valueof an annuity of one dollar for such number of years, respectively:

No. ofYears Annuity Cash Value of theAnnuity

is toRun 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 theannuity for a fraction of a year may be ascertained as follows: Multiply thedifference between the cash value of the annuities for the preceding andsucceeding full years by the fraction of the year in decimals and add the sumto the present cash value for the preceding full year. When a person isentitled to the use of a sum of money for life, or for a given time, theinterest 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 asherein provided: Provided, the interest rate in computing the present cashvalue of a life interest in land shall be six percent (6%).

Whenever the mortality tablesset out in G.S. 8‑46 are admissible in evidence in any action orproceeding to establish the expectancy of continued life of any person from anyperiod 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, ofthe 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.)