Abstract:
A formula called Woolhouse formula that obtained based on approach the Euler Maclaurin formula are discussed. Then Woolhouse formula is used to calculate present value of an annuity with payable m times a year. Here, n year temporary of an annuity-due is used. This study is a review of the work done by David C.M. Dickson, Mary R Hardy and Howard R. Waters Actuarial
Mathematics for Life Contingencies Risk. 3: 132-136 (2009)
