Statutes, codes, and regulations
Arkansas Code of 1987
Title 18 - PROPERTYSubtitle 1 - GENERAL PROVISIONS
Chapter 2 - COMMUTATION OF INTERESTS
Section 18-2-105 - Table and example

Ark. Code § 18-2-105

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Current with legislation from 2024 effective through May 3, 2024.
Section 18-2-105 - Table and example
(a) TABLE:

Age

Average Remaining Lifetime

Immediate Whole Life Annuity at Various Rates of Interest

Years

Years

4% Dollars

6% Dollars

8% Dollars

10% Dollars

12% Dollars

1

74.97

23.6260

16.4428

12.4579

9.9913

8.3314

2

75.37

23.6474

16.4480

12.4592

9.9917

8.3315

3

74.47

23.5988

16.4362

12.4562

9.9909

8.3313

4

73.54

23.5467

16.4234

12.4530

9.9901

8.3311

5

72.59

23.4916

16.4095

12.4494

9.9891

8.3308

6

71.63

23.4337

16.3947

12.4455

9.9881

8.3306

7

70.67

23.3736

16.3791

12.4413

9.9869

8.3302

8

69.70

23.3105

16.3623

12.4368

9.9857

8.3299

9

68.73

23.2450

16.3446

12.4319

9.9843

8.3295

10

67.75

23.1763

16.3257

12.4266

9.9827

8.3290

11

66.77

23.1048

16.3057

12.4208

9.9811

8.3285

12

65.80

23.0313

16.2847

12.4147

9.9792

8.3279

13

64.82

22.9542

16.2623

12.4080

9.9772

8.3273

14

63.84

22.8740

16.2385

12.4008

9.9749

8.3266

15

62.87

22.7916

16.2136

12.3931

9.9725

8.3258

16

61.90

22.7059

16.1872

12.3848

9.9699

8.3249

17

60.94

22.6179

16.1597

12.3760

9.9670

8.3240

18

59.97

22.5255

16.1302

12.3664

9.9638

8.3229

19

59.02

22.4316

16.0996

12.3562

9.9603

8.3217

20

58.06

22.3330

16.0670

12.3452

9.9565

8.3204

21

57.10

22.2307

16.0325

12.3333

9.9524

8.3189

22

56.15

22.1256

15.9964

12.3207

9.9479

8.3172

23

55.19

22.0153

15.9579

12.3069

9.9429

8.3154

24

54.24

21.9020

15.9175

12.2923

9.9374

8.3134

25

53.29

21.7844

15.8749

12.2765

9.9315

8.3111

26

52.33

21.6610

15.8293

12.2594

9.9250

8.3085

27

51.38

21.5342

15.7817

12.2412

9.9178

8.3057

28

50.42

21.4012

15.7308

12.2213

9.9100

8.3025

29

49.47

21.2646

15.6775

12.2002

9.9014

8.2990

30

48.52

21.1228

15.6212

12.1774

9.8921

8.2951

31

47.57

20.9756

15.5617

12.1530

9.8819

8.2908

32

46.62

20.8229

15.4988

12.1266

9.8707

8.2860

33

45.68

20.6660

15.4330

12.0986

9.8586

8.2806

34

44.73

20.5015

15.3628

12.0682

9.8452

8.2747

35

43.79

20.3325

15.2894

12.0358

9.8306

8.2681

36

42.86

20.1591

15.2127

12.0014

9.8149

8.2608

37

41.92

19.9773

15.1309

11.9639

9.7976

8.2526

38

40.99

19.7907

15.0454

11.9242

9.7788

8.2437

39

40.07

19.5993

14.9561

11.8819

9.7586

8.2338

40

39.14

19.3987

14.8608

11.8361

9.7362

8.2228

41

38.23

19.1952

14.7625

11.7879

9.7123

8.2107

42

37.31

18.9819

14.6576

11.7356

9.6859

8.1973

43

36.41

18.7657

14.5494

11.6808

9.6578

8.1827

44

35.50

18.5391

14.4341

11.6214

9.6268

8.1663

45

34.60

18.3070

14.3139

11.5584

9.5934

8.1484

46

33.71

18.0693

14.1887

11.4916

9.5574

8.1287

47

32.83

17.8259

14.0583

11.4210

9.5186

8.1073

48

31.95

17.5739

13.9211

11.3454

9.4765

8.0836

49

31.08

17.3162

13.7783

11.2654

9.4313

8.0577

50

30.21

17.0495

13.6281

11.1799

9.3821

8.0291

51

29.35

16.7767

13.4720

11.0896

9.3293

7.9980

52

28.49

16.4946

13.3078

10.9931

9.2720

7.9637

53

27.65

16.2097

13.1393

10.8924

9.2113

7.9267

54

26.80

15.9118

12.9602

10.7838

9.1448

7.8856

55

25.97

15.6110

12.7766

10.6706

9.0744

7.8415

56

25.14

15.3004

12.5838

10.5499

8.9982

7.7930

57

24.31

14.9794

12.3815

10.4212

8.9157

7.7397

58

23.49

14.6519

12.1718

10.2858

8.8276

7.6818

59

22.68

14.3179

11.9545

10.1434

8.7335

7.6192

60

21.88

13.9774

11.7297

9.9938

8.6332

7.5514

61

21.09

13.6305

11.4971

9.8367

8.5263

7.4782

62

20.30

13.2727

11.2536

9.6697

8.4110

7.3981

63

19.53

12.9132

11.0052

9.4969

8.2900

7.3128

64

18.76

12.5426

10.7454

9.3136

8.1598

7.2198

65

18.00

12.1657

10.4773

9.1216

8.0216

7.1196

66

17.25

11.7825

10.2008

8.9209

7.8750

7.0120

67

16.51

11.3933

9.9159

8.7111

7.7197

6.8964

68

15.78

10.9981

9.6225

8.4922

7.5554

6.7724

69

15.06

10.5971

9.3207

8.2638

7.3817

6.6397

70

14.35

10.1903

9.0104

8.0259

7.1984

6.4978

71

13.67

9.7901

8.7010

7.7856

7.0108

6.3508

72

13.01

9.3912

8.3887

7.5399

6.8167

6.1968

73

12.38

9.0007

8.0791

7.2935

6.6197

6.0387

74

11.77

8.6133

7.7684

7.0432

6.4174

5.8744

75

11.18

8.2297

7.4572

6.7897

6.2101

5.7044

76

10.61

7.8506

7.1462

6.5337

5.9986

5.5290

77

10.04

7.4629

6.8247

6.2661

5.7752

5.3418

78

9.48

7.0734

6.4982

5.9916

5.5435

5.1458

79

8.93

6.6825

6.1671

5.7102

5.3037

4.9408

80

8.40

6.2978

5.8377

5.4275

5.0604

4.7308

81

7.90

5.9274

5.5176

5.1500

4.8193

4.5208

82

7.42

5.5649

5.2014

4.8734

4.5768

4.3077

83

6.98

5.2266

4.9036

4.6107

4.3445

4.1018

84

6.57

4.9061

4.6192

4.3578

4.1191

3.9006

85

6.17

4.5884

4.3351

4.1033

3.8906

3.6950

86

5.80

4.2900

4.0664

3.8608

3.6713

3.4964

87

5.43

3.9873

3.7918

3.6112

3.4441

3.2892

88

5.09

3.7052

3.5342

3.3755

3.2282

3.0911

89

4.77

3.4362

3.2870

3.1480

3.0185

2.8975

90

4.47

3.1810

3.0510

2.9296

2.8160

2.7095

91

4.18

2.9314

2.8190

2.7136

2.6146

2.5216

92

3.92

2.7052

2.6076

2.5158

2.4293

2.3478

93

3.69

2.5032

2.4179

2.3375

2.2616

2.1897

94

3.50

2.3350

2.2593

2.1878

2.1201

2.0560

95

3.33

2.1833

2.1159

2.0520

1.9914

1.9339

96

3.18

2.0487

1.9882

1.9307

1.8761

1.8242

97

3.06

1.9404

1.8852

1.8326

1.7827

1.7351

98

2.95

1.8407

1.7901

1.7419

1.6961

1.6523

99

2.85

1.7497

1.7032

1.6588

1.6165

1.5752

100

2.77

1.6766

1.6333

1.5919

1.5524

1.5146

(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 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. 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).

Ark. Code § 18-2-105

Acts 1981, No. 350, § 5; A.S.A. 1947, § 50-705.