Abstract:
This paper discusses Woolhouse’s formula developed from a book by Dickson, Hardy and Waters [1]. Woolhouse’s formula derived from
the Euler-Maclaurin formula approach. Woolhouse’s formula used to determine the cash value of annuity with payments m times a year. Cash values of annuity determined are cash value of life annuity and cash value of deposit annuity with payment at the end of the period for joint life status.
