The records show that debts incurred during American Revolutionary War is amounted to $75,463,476.52 by 1 st january 1791.
The process of calculation of life value in an insurance is that first of all determine the current income and than subtract the expense, premiums of insurance, and payment of income tax.
The third step is recall the number of years of earning which are remaining before the age of retirement and than find the discounting factor rate including inflation.The life value is an economic value which is used to judge the benefit for the reason of avoiding the rate of fatality.
Therefore, The records show that debts incurred during American Revolutionary War is amounted to $75,463,476.52 by 1 st january 1791.
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