An Essay Upon Projects by Daniel Defoe
page 95 of 185 (51%)
page 95 of 185 (51%)
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and one-half of them must, according to Sir William Petty, die on
our hands in twenty years; so there remains but 8,334. But to put it out of doubt, beyond the proportion to be guessed at, I will allow they shall fall thus: The first year, we are to note, none can claim; and the second year the number must be very few, but increasing: wherefore I suppose One in every 500 shall claim the second year, Pounds which is 200; the charge whereof is 500 One in every 100 the third year is 1,000; the charge 2,500 Together with the former 200 500 ====== 3,500 To carry on the calculation. Pounds s. d. We find the stock at the end of the third year 66,933 18 0 The quarterage of the fourth year, abating as before 19,000 0 0 Interest of the stock 4,882 17 6 The quarterage of the fifth year 18,600 0 0 Interest of the stock 6,473 0 0 ================ 115,889 15 6 The charge 3,000 0 0 2,000 to fall the fourth year 5,000 0 0 |
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