USE OF ACTUARIAL TABLES IN VALUING ANNUITIES, INTERESTS FOR LIFE OR TERMS OF YEARS, AND REMAINDER OR REVERSIONARY INTERESTS

T.D. 8819 (April 29, 1999)

[4830-01-u]

DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1, 20, and 25

[Treasury Decision 8819]

RIN 1545-AX14

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations.

SUMMARY: This document contains regulations relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. These regulations are necessary because section 7520(c)(3) directs the Secretary to update the actuarial tables to reflect the most recent mortality experience available. These regulations will effect the valuation of inter vivos and testamentary transfers of interests dependent on one or more measuring lives. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject elsewhere in this issue of the Federal Register.

DATES: These regulations are effective May 1, 1999.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, William L. Blodgett, (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

This document contains amendments to the regulations revising certain tables used for the valuation of partial interests in property under section 7520 of the Internal Revenue Code of 1986 (Code) to reflect the most recent mortality experience available.

In General

Section 7520, effective for transfers for which the valuation date is after April 30, 1989, provides that the value of an annuity, an interest for life or a term of years, and a remainder or reversionary interest is to be determined under tables published by the Internal Revenue Service based on a discount rate (rounded to the nearest two-tenths of one percent) equal to 120 percent of the applicable Federal mid-term rate in effect under section 1274(d)(1) for the month in which the valuation date falls. Section 7520(c)(3) directed the Secretary to issue tables not later than December 31, 1989, utilizing the then most recent mortality experience. Thereafter, the Secretary is directed to revise the tables used in valuing interests dependent on mortality experience not less frequently than once each 10 years to take into account the most recent mortality experience available as of the time of the revision.

These regulations incorporate revised Table S (Single Life Remainder Factors) and Table U(1) (Unitrust Single Life Remainder Factors) based on data compiled from the 1990 census as set forth in Life Table 90CM, and make conforming amendments to various sections to reflect the revised tables. The current tables are moved to sections containing actuarial material for historical reference. Table B, Table D, Tables F(4.2) through F(14.0), Table J, and Table K, which are not based on mortality experience, are not changed. Internal Revenue Service Publications 1457 "Actuarial Values, Book Aleph" (forthcoming 1999), 1458 "Actuarial Values, Book Beth" (forthcoming 1999), and 1459 "Actuarial Values, Book Gimel" (forthcoming 1999) will contain a complete set of actuarial tables that include factors not contained in the regulations (for example, annuity and life interest factors). Although not available on May 1, 1999, IRS anticipates these publications will be available by July 1, 1999. These publications will be available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402.

The following chart summarizes the applicable interest rates and the citations to textual materials and tables for the various periods covered under the regulations:

               Cross Reference to Regulation Sections

     Valuation           Interest    Regulation
       Period              Rate        Section         Table
____________________________________________________________________

Section 642:

  Valuation, in general        -   1.642(c)-6

     before 01/01/52           4%  1.642(c)-6A(a)
   01/01/52 - 12/31/70       3.5%  1.642(c)-6A(b)
   01/01/71 - 11/30/83         6%  1.642(c)-6A(c)
   12/01/83 - 04/30/89        10%  1.642(c)-6A(d)  Table G
   05/01/89 - 04/30/99   section   1.642(c)-6A(e)  Table S (5/1/89 -
                            7520                    4/30/99)
       after 04/30/99    section   1.642(c)-6T(e)  Table S (after
                            7520                    04/30/99)
Section 664:
  Valuation, in general        -   1.664-4

    before 01/01/52            4%  1.664-4A(a)
  01/01/52 - 12/31/70        3.5%  1.664-4A(b)
  01/01/71 - 11/30/83          6%  1.664-4A(c)
  12/01/83 - 04/30/89         10%  1.664-4A(d)    Table E,  Table F(1)
  05/01/89 - 04/30/99    section   1.664-4A(e)    Table U(1) (5/1/89 -
                            7520                   4/30/99)
      after 04/30/99     section   1.664-4T(e)    Table U(1) (after
                            7520                   04/30/99)
                                   1.664-4(e)     Table D and
                                                  Tables F(4.2) -
                                                   F(14.0)

Section 2031:

  Valuation, in general        -   20.2031-7

    before 01/01/52            4%  20.2031-7A(a)
  01/01/52 - 12/31/70        3.5%  20.2031-7A(b)
  01/01/71 - 11/30/83          6%  20.2031-7A(c)
  12/01/83 - 04/30/89         10%  20.2031-7A(d)  Table A, Table B,
                                                   Table LN
  05/01/89 - 04/30/99     section  20.2031-7A(e)  Table S (5/1/89 -
                             7520                  4/30/99)
                                                  Life Table 80CNSMT
     after 04/30/99       section  20.2031-7T(d)  Table S (after
                             7520                  04/30/99) and
                                                  Life Table 90CM
                                   20.2031-7(d)   Table B, Table J,
                                                   Table K,

Section 2512:

  Valuation, in general        -   25.2512-5

    before 01/01/52            4%  25.2512-5A(a)
  01/01/52 - 12/31/70        3.5%  25.2512-5A(b)
  01/01/71 - 11/30/83          6%  25.2512-5A(c)
  12/01/83 - 04/30/89         10%  25.2512-5A(d)
  05/01/89 - 04/30/99     section  25.2512-5A(e)
                             7520
     after 04/30/99       section  25.2512-5T(d)
                             7520
______________________________________________________________________

Effective Dates

These regulations are applicable in the case of annuities, interests for life or terms of years, and remainder or reversionary interests created after April 30, 1999.

Transitional Rules

The regulations provide certain transitional rules intended to alleviate any adverse consequences resulting from the proposed regulatory change. For gift tax purposes, if the valuation date of a transfer is after April 30, 1999, but before July 1, 1999, the donor may determine the value of the gift (and/or any applicable charitable deduction) under tables based on either Life Table 80CNSMT or Table 90CM (at the donor's option). Similarly, for estate tax purposes, if the decedent dies after April 30, 1999, but before July 1, 1999, the value of any interest (and/or any applicable charitable deduction) may be determined under tables based on either Table 80CNSMT or Table 90CM, at the option of the decedent's executor. However, the section 7520 interest rate utilized is the appropriate rate for the month in which the valuation date occurs. In accordance with this transitional rule and those contained in sections 1.7520- 2(a)(2), 20.7520-2(a)(2) and 25.7520-2(a)(2), in cases involving a charitable deduction, if the valuation date occurs after April 30, 1999, and before July 1, 1999, and the executor or donor elects under section 7520(a) to use the section 7520 interest rate for March 1999 or April 1999, then the mortality experience contained in 80CNSMT must be used. If the executor or donor uses the section 7520 interest rate for May 1999 or for June 1999, then the tables based on either Table 80CNSMT or Table 90CM may be used. However, if the valuation date occurs after June 30, 1999, the executor or donor must use the new mortality experience contained in Table 90CM even if a prior month interest rate election under section 7520(a) is made.

In addition, for estate tax purposes, the estate of a mentally incompetent decedent may elect to value the property interest included in the gross estate under the mortality table and interest rate in effect at the time the decedent became mentally incompetent or the mortality table and interest rate in effect on the decedent's date of death if the decedent was under a mental incapacity that existed on May 1, 1999, and continued uninterrupted until the decedent's death, or the decedent died within 90 days of regaining competency after April 30, 1999.

Special Analysis

It has been determined that this Treasury decision is not a significant regulatory action as defined in EO 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because these regulations do not impose a collection of information requirement on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Therefore, a Regulatory Flexibility Analysis is not required. Pursuant to section 7805(f) of the Internal Revenue Code, these regulations will be submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business.

Drafting Information

The principal author of these regulations is William L. Blodgett, Office of Assistant Chief Counsel (Passthroughs and Special Industries), IRS. However, other personnel from the IRS and Treasury Department participated in their development.

List of Subjects

26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements.

26 CFR Part 20

Estate taxes, Reporting and recordkeeping requirements.

26 CFR Part 25

Gift taxes, Reporting and recordkeeping requirements.

Adoption of Amendments to the Regulations

Accordingly, 26 CFR parts 1, 20, and 25 are amended as follows:

PART 1--INCOME TAXES

Paragraph 1. The authority citation for part 1 is amended by adding entries in numerical order to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Section 1.170A-12 also issued under 26 U.S.C. 170(f)(4). * * *
Section 1.642(c)-6 also issued under 26 U.S.C. 642(c)(5).
Section 1.642(c)-6T also issued under 26 U.S.C. 642(c)(5).
Section 1.642(c)-6A also issued under 26 U.S.C. 642(c)(5).
Section 1.664-1 also issued under 26 U.S.C. 664(a).
Section 1.664-2 also issued under 26 U.S.C. 664(a).
Section 1.664-3 also issued under 26 U.S.C. 664(a).
Section 1.664-4 also issued under 26 U.S.C. 664(a).
Section 1.664-4T also issued under 26 U.S.C. 664(a).
Section 1.664-4A also issued under 26 U.S.C. 664(a). * * *
Section 1.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 2. Section 1.170A-6 is amended by revising paragraph (c)(5), Example (2)(b) introductory text to read as follows:

Section 1.170A-6 Charitable contributions in trust.

* * * * *

(c) * * *

(5) * * *

Example 2. * * *

(b) The section 7520 rate at the time of the transfer was 6.0 percent. By reference to Table F(6.0) in section 1.664-4(e)(6), the adjusted payout rate is 4.717% (5% x 0.943396). The present value of the reversion is $6,473.75, computed by reference to Table D in section 1.664-4(e)(6), as follows:

* * * * *

Par. 3. Section 1.170A-12T is added to read as follows:

Section 1.170A-12T Valuation of a remainder interest in real
property for contributions made after July 31, 1969 (temporary).

(a) through (b)(1) [Reserved] For further guidance see section 1.170A-12(a) through (b)(1).

(b)(2) Computation of depreciation factor after April 30, 1999. If the valuation of the remainder interest in depreciable property is dependent upon the continuation of one life, a special factor must be used. The factor determined under this paragraph (b)(2) is carried to the fifth decimal place. The special factor is to be computed on the basis of the interest rate and life contingencies prescribed in section 20.2031-7T (or for certain prior periods, section 20.2031-7A) of this chapter (Estate Tax Regulations) and on the assumption that the property depreciates on a straight-line basis over its estimated useful life. For transfers for which the valuation date is after April 30, 1999, special factors for determining the present value of a remainder interest following one life and an example describing the computation is contained in Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. See, however, section 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Otherwise, in the case of the valuation of a remainder interest following one life, the special factor may be obtained through use of the following formula:

[formula omitted]

Where:

n = the estimated number of years of useful life,
i = the applicable interest rate under section 7520 of the Internal
Revenue Code,
v = 1 divided by the sum of 1 plus the applicable interest rate under
section 7520 of the Internal Revenue Code,
x = the age of the life tenant, and
lx = number of persons living at age x as set forth in Table 90CM of
section 20.2031-7T (or, for prior periods, the tables set forth
under section 20.2031-7A) of this chapter.

(3) The following example illustrates the provisions of this paragraph (b):

Example. A, who is 62, donates to Y University a remainder interest in a personal residence, consisting of a house and land, subject to a reserved life estate in A. At the time of the gift, the land has a value of $30,000 and the house has a value of $100,000 with an estimated useful life of 45 years, at the end of which the value of the house is expected to be $20,000. The portion of the property considered to be depreciable is $80,000 (the value of the house ($100,000) less its expected value at the end of 45 years ($20,000)). The portion of the property considered to be nondepreciable is $50,000 (the value of the land at the time of the gift ($30,000) plus the expected value of the house at the end of 45 years ($20,000)). At the time of the gift, the interest rate prescribed under section 7520 is 8.4 percent. Based on an interest rate of 8.4 percent, the remainder factor for $1.00 prescribed in section 20.2031-7T(d) of this chapter for a person age 62 is 0.27925. The value of the nondepreciable remainder interest is $13,962.50 (0.27925 times $50,000). The value of the depreciable remainder interest is $16,148.80 (0.20186, computed under the formula described in paragraph (b)(2) of this section, times $80,000). Therefore, the value of the remainder interest is $30,111.30.

(c) through (e) [Reserved]. For further guidance see section 1.170A-12(c) through (e).

Par. 4. Section 1.642(c)-6 is amended as follows:

1. Revise the section heading.

2. Paragraph (d) is removed.

3. Paragraph (e) is redesignated as paragraph (e) of section 1.642(c)-6A.

4. New paragraphs (d) and (e) are added.

5. Paragraph (f) is revised.

The revisions and addition read as follows:

Section 1.642(c)-6 Valuation of a remainder interest in property
transferred to a pooled income fund.

* * * * *

(d) and (e) [Reserved]. For further guidance, see section 1.642(c)-6T(d) and (e).

(f) Effective dates. This section applies after April 30, 1989, and before May 1, 1999.

Par. 5. Section 1.642(c)-6T is added to read as follows:

Section 1.642(c)-6T Valuation of a remainder interest in property
transferred to a pooled income fund (temporary).

(a) through (c) [Reserved]. For further guidance, see section 1.642(c)-6(a) through (c).

(d) Valuation. The present value of the remainder interest in property transferred to a pooled income fund after April 30, 1999, is determined under paragraph (e) of this section. The present value of the remainder interest in property transferred to a pooled income fund for which the valuation date is before May 1, 1999, is determined under the following sections:

       Valuation Dates                        Applicable
     After          Before                    Regulations
   ________         ______                    ___________

       *   01-01-52                          1.642(c)-6A(a)
   12-31-51         01-01-71                 1.642(c)-6A(b)
   12-31-70         12-01-83                 1.642(c)-6A(c)
   11-30-83         05-01-89                 1.642(c)-6A(d)
   04-30-89         05-01-99                 1.642(c)-6A(e)

(e) Present value of the remainder interest in the case of transfers to pooled income funds for which the valuation date is after April 30, 1999--(1) In general. In the case of transfers to pooled income funds for which the valuation date is after April 30, 1999, the present value of a remainder interest is determined under this section. See, however, section 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). The present value of a remainder interest that is dependent on the termination of the life of one individual is computed by the use of Table S in paragraph (e)(6) of this section. For purposes of the computations under this section, the age of an individual is the age at the individual's nearest birthday.

(2) Transitional rules for valuation of transfers to pooled income funds. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died after April 30, 1999, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency after April 30, 1999, the present value of a remainder interest is determined as if the valuation date with respect to the decedent's gross estate is either before May 1, 1999, or after April 30, 1999, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a pooled income fund for which the valuation date is after April 30, 1999, and before July 1, 1999, the present value of the remainder interest under this section is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (See sections 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(6) of this section or section 1.642(c)-6A(e)(5), at the option of the donor or the decedent's executor, as the case may be.

(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(6) of this section or section 1.642(c)-6A(e)(5), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(3) Present value of a remainder interest. The present value of a remainder interest in property transferred to a pooled income fund is computed on the basis of--

(i) Life contingencies determined from the values of lx that are set forth in Table 90CM in section 20.2031-7T(d)(7) of this chapter (Estate Tax Regulations) (See section 20.2031-7A of this chapter for certain prior periods); and

(ii) Discount at a rate of interest, compounded annually, equal to the highest yearly rate of return of the pooled income fund for the 3 taxable years immediately preceding its taxable year in which the transfer of property to the fund is made. For purposes of this paragraph (e), the yearly rate of return of a pooled income fund is determined as provided in section 1.642(c)-6(c) unless the highest rate of return is deemed to be the rate described in paragraph (e)(4) of this section for funds in existence less than 3 taxable years. For purposes of this paragraph (e)(3)(ii), the first taxable year of a pooled income fund is considered a taxable year even though the taxable year consists of less than 12 months. However, appropriate adjustments must be made to annualize the rate of return earned by the fund for that period. Where it appears from the facts and circumstances that the highest yearly rate of return of the fund for the 3 taxable years immediately preceding the taxable year in which the transfer of property is made has been purposely manipulated to be substantially less than the rate of return that would otherwise be reasonably anticipated with the purpose of obtaining an excessive charitable deduction, that rate of return may not be used. In that case, the highest yearly rate of return of the fund is determined by treating the fund as a pooled income fund that has been in existence for less than 3 preceding taxable years.

(4) Pooled income funds in existence less than 3 taxable years. If a pooled income fund has been in existence less than 3 taxable years immediately preceding the taxable year in which the transfer is made to the fund and the transfer to the fund is made after April 30, 1989, the highest rate of return is deemed to be the interest rate (rounded to the nearest two-tenths of one percent) that is 1 percent less than the highest annual average of the monthly section 7520 rates for the 3 calendar years immediately preceding the calendar year in which the transfer to the pooled income fund is made. The deemed rate of return for transfers to new pooled income funds is recomputed each calendar year using the monthly section 7520 rates for the 3-year period immediately preceding the calendar year in which each transfer to the fund is made until the fund has been in existence for 3 taxable years and can compute its highest rate of return for the 3 taxable years immediately preceding the taxable year in which the transfer of property to the fund is made in accordance with the rules set forth in the first sentence of paragraph (e)(3)(ii) of this section.

(5) Computation of value of remainder interest. The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (e)(6) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based (See section 1.642(c)-6A for certain prior periods). The tables in paragraph (e)(6) of this section include factors for yearly rates of return from 4.2 to 14 percent. Many actuarial factors not contained in the tables in paragraph (e)(6) of this section is contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. For other situations, see section 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. This paragraph (e)(5) may be illustrated by the following example:

Example. A, who is 54 years and 8 months, transfers $100,000 to a pooled income fund, and retains a life income interest in the property. The highest yearly rate of return earned by the fund for its 3 preceding taxable years is 9.47 percent. In Table S, the remainder factor opposite 55 years under 9.4 percent is .17449 and under 9.6 percent is .17001. The present value of the remainder interest is $17,292.00, computed as follows:

     Factor at 9.4 percent for age 55 .........  .17449
     Factor at 9.6 percent for age 55 .........  .17001
     Difference  ..........................................  .00448

     Interpolation adjustment:

     9.47% - 9.4%   =       x
     ___________         ______
          0.2%           .00448
               x    =    .00157

     Factor at 9.4 percent for age 55 .........  .17449
     Less: Interpolation adjustment ...........  .00157
     Interpolated factor ......................  .17292

 

     Present value of remainder interest:
          ($100,000  X  .17292) ............ $17,292.00

(6) Actuarial tables. In the case of transfers for which the valuation date is after April 30, 1999, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following Table S:

                               TABLE S
                      BASED ON LIFE TABLE 90CM
                    SINGLE LIFE REMAINDER FACTORS
                   APPLICABLE AFTER APRIL 30, 1999

                            INTEREST RATE

=====================================================================
AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%
=====================================================================
  0   .06752 .06130 .05586 .05109 .04691 .04322 .03998
  1   .06137 .05495 .04932 .04438 .04003 .03620 .03283
  2   .06325 .05667 .05088 .04580 .04132 .03737 .03388
  3   .06545 .05869 .05275 .04752 .04291 .03883 .03523
  4   .06784 .06092 .05482 .04944 .04469 .04048 .03676

  5   .07040 .06331 .05705 .05152 .04662 .04229 .03845
  6   .07310 .06583 .05941 .05372 .04869 .04422 .04025
  7   .07594 .06849 .06191 .05607 .05089 .04628 .04219
  8   .07891 .07129 .06453 .05853 .05321 .04846 .04424
  9   .08203 .07423 .06731 .06115 .05567 .05079 .04643

 10   .08532 .07734 .07024 .06392 .05829 .05326 .04877
 11   .08875 .08059 .07331 .06683 .06104 .05587 .05124
 12   .09233 .08398 .07653 .06989 .06394 .05862 .05385
 13   .09601 .08748 .07985 .07304 .06693 .06146 .05655
 14   .09974 .09102 .08322 .07624 .06997 .06435 .05929

 15   .10350 .09460 .08661 .07946 .07303 .06725 .06204
 16   .10728 .09818 .09001 .08268 .07608 .07014 .06479
 17   .11108 .10179 .09344 .08592 .07916 .07306 .06755
 18   .11494 .10545 .09691 .08921 .08227 .07601 .07034
 19   .11889 .10921 .10047 .09259 .08548 .07904 .07322

 20   .12298 .11310 .10417 .09610 .08881 .08220 .07622
 21   .12722 .11713 .10801 .09976 .09228 .08550 .07935
 22   .13159 .12130 .11199 .10354 .09588 .08893 .08260
 23   .13613 .12563 .11612 .10748 .09964 .09250 .08601
 24   .14084 .13014 .12043 .11160 .10357 .09625 .08958

 25   .14574 .13484 .12493 .11591 .10768 .10018 .09334
 26   .15084 .13974 .12963 .12041 .11199 .10431 .09728
 27   .15615 .14485 .13454 .12513 .11652 .10865 .10144
 28   .16166 .15016 .13965 .13004 .12124 .11319 .10580
 29   .16737 .15567 .14497 .13516 .12617 .11792 .11035

 30   .17328 .16138 .15048 .14047 .13129 .12286 .11510
 31   .17938 .16728 .15618 .14599 .13661 .12799 .12004
 32   .18568 .17339 .16210 .15171 .14214 .13333 .12520
 33   .19220 .17972 .16824 .15766 .14790 .13889 .13058
 34   .19894 .18627 .17460 .16383 .15388 .14468 .13618
 35   .20592 .19307 .18121 .17025 .16011 .15073 .14204
 36   .21312 .20010 .18805 .17691 .16658 .15701 .14814
 37   .22057 .20737 .19514 .18382 .17331 .16356 .15450
 38   .22827 .21490 .20251 .19100 .18031 .17038 .16113
 39   .23623 .22270 .21013 .19845 .18759 .17747 .16805

 40   .24446 .23078 .21805 .20620 .19516 .18487 .17527
 41   .25298 .23915 .22626 .21425 .20305 .19259 .18282
 42   .26178 .24782 .23478 .22262 .21125 .20062 .19069
 43   .27087 .25678 .24360 .23129 .21977 .20898 .19888
 44   .28025 .26603 .25273 .24027 .22860 .21766 .20740

 45   .28987 .27555 .26212 .24953 .23772 .22664 .21622
 46   .29976 .28533 .27179 .25908 .24714 .23591 .22536
 47   .30987 .29535 .28171 .26889 .25682 .24546 .23476
 48   .32023 .30563 .29190 .27897 .26678 .25530 .24447
 49   .33082 .31615 .30234 .28931 .27702 .26543 .25447

 50   .34166 .32694 .31306 .29995 .28756 .27586 .26479
 51   .35274 .33798 .32404 .31085 .29838 .28658 .27541
 52   .36402 .34924 .33525 .32200 .30946 .29757 .28630
 53   .37550 .36070 .34668 .33339 .32078 .30882 .29746
 54   .38717 .37237 .35833 .34500 .33234 .32031 .30888

 55   .39903 .38424 .37019 .35683 .34413 .33205 .32056
 56   .41108 .39631 .38227 .36890 .35617 .34405 .33250
 57   .42330 .40857 .39455 .38118 .36844 .35629 .34469
 58   .43566 .42098 .40699 .39364 .38089 .36873 .35710
 59   .44811 .43351 .41956 .40623 .39350 .38133 .36968

 60   .46066 .44613 .43224 .41896 .40624 .39408 .38243
 61   .47330 .45887 .44505 .43182 .41914 .40699 .39535
 62   .48608 .47175 .45802 .44485 .43223 .42011 .40848
 63   .49898 .48478 .47115 .45807 .44550 .43343 .42184
 64   .51200 .49793 .48442 .47143 .45895 .44694 .43539

 65   .52512 .51121 .49782 .48495 .47255 .46062 .44912
 66   .53835 .52461 .51137 .49862 .48634 .47449 .46307
 67   .55174 .53818 .52511 .51250 .50034 .48860 .47727
 68   .56524 .55188 .53899 .52654 .51452 .50291 .49168
 69   .57882 .56568 .55299 .54071 .52885 .51737 .50627
 70   .59242 .57951 .56703 .55495 .54325 .53193 .52096
 71   .60598 .59332 .58106 .56918 .55767 .54651 .53569
 72   .61948 .60707 .59504 .58338 .57206 .56108 .55043
 73   .63287 .62073 .60895 .59751 .58640 .57561 .56513
 74   .64621 .63435 .62282 .61162 .60073 .59015 .57985

 75   .65953 .64796 .63671 .62575 .61510 .60473 .59463
 76   .67287 .66160 .65063 .63995 .62954 .61940 .60952
 77   .68622 .67526 .66459 .65419 .64404 .63415 .62450
 78   .69954 .68892 .67856 .66845 .65858 .64895 .63955
 79   .71278 .70250 .69246 .68265 .67308 .66372 .65457

 80   .72581 .71588 .70618 .69668 .68740 .67833 .66945
 81   .73857 .72899 .71962 .71045 .70147 .69268 .68408
 82   .75101 .74178 .73274 .72389 .71522 .70672 .69840
 83   .76311 .75423 .74553 .73700 .72864 .72044 .71240
 84   .77497 .76645 .75809 .74988 .74183 .73393 .72618

 85   .78665 .77848 .77047 .76260 .75487 .74728 .73982
 86   .79805 .79025 .78258 .77504 .76764 .76036 .75320
 87   .80904 .80159 .79427 .78706 .77998 .77301 .76615
 88   .81962 .81251 .80552 .79865 .79188 .78521 .77865
 89   .82978 .82302 .81636 .80980 .80335 .79699 .79072

 90   .83952 .83309 .82676 .82052 .81437 .80831 .80234
 91   .84870 .84260 .83658 .83064 .82479 .81902 .81332
 92   .85716 .85136 .84563 .83998 .83441 .82891 .82348
 93   .86494 .85942 .85396 .84858 .84326 .83801 .83283
 94   .87216 .86690 .86170 .85657 .85149 .84648 .84153

 95   .87898 .87397 .86902 .86412 .85928 .85450 .84977
 96   .88537 .88060 .87587 .87121 .86659 .86203 .85751
 97   .89127 .88672 .88221 .87775 .87335 .86898 .86467
 98   .89680 .89245 .88815 .88389 .87968 .87551 .87138
 99   .90217 .89803 .89393 .88987 .88585 .88187 .87793

100   .90738 .90344 .89953 .89567 .89183 .88804 .88428
101   .91250 .90876 .90504 .90137 .89772 .89412 .89054
102   .91751 .91396 .91045 .90696 .90350 .90007 .89668
103   .92247 .91912 .91579 .91249 .90922 .90598 .90276
104   .92775 .92460 .92148 .91839 .91532 .91227 .90924

105   .93290 .92996 .92704 .92415 .92127 .91841 .91558
106   .93948 .93680 .93415 .93151 .92889 .92628 .92370
107   .94739 .94504 .94271 .94039 .93808 .93579 .93351
108   .95950 .95767 .95585 .95404 .95224 .95045 .94867
109   .97985 .97893 .97801 .97710 .97619 .97529 .97438
____________________________________________________________________

                          [table continued]

=====================================================================
AGE     5.6%   5.8%   6.0%
=====================================================================
  0   .03711 .03458 .03233
  1   .02985 .02721 .02487
  2   .03079 .02806 .02563
  3   .03203 .02920 .02668
  4   .03346 .03052 .02791

  5   .03503 .03199 .02928
  6   .03672 .03357 .03076
  7   .03854 .03528 .03236
  8   .04046 .03709 .03407
  9   .04253 .03904 .03592

 10   .04474 .04114 .03790
 11   .04709 .04336 .04002
 12   .04957 .04572 .04226
 13   .05214 .04816 .04458
 14   .05474 .05064 .04694

 15   .05735 .05312 .04930
 16   .05996 .05559 .05164
 17   .06257 .05807 .05399
 18   .06521 .06057 .05636
 19   .06794 .06315 .05880

 20   .07078 .06584 .06135
 21   .07375 .06866 .06403
 22   .07685 .07160 .06682
 23   .08009 .07468 .06975
 24   .08349 .07793 .07284

 25   .08708 .08135 .07611
 26   .09085 .08496 .07956
 27   .09484 .08878 .08322
 28   .09901 .09279 .08706
 29   .10339 .09699 .09109

 30   .10796 .10138 .09532
 31   .11272 .10597 .09974
 32   .11769 .11076 .10435
 33   .12289 .11578 .10920
 34   .12831 .12102 .11426

 35   .13399 .12652 .11958
 36   .13990 .13225 .12514
 37   .14608 .13825 .13096
 38   .15253 .14452 .13705
 39   .15927 .15108 .14344

 40   .16631 .15795 .15013
 41   .17368 .16514 .15715
 42   .18138 .17267 .16450
 43   .18941 .18053 .17220
 44   .19777 .18873 .18023

 45   .20644 .19724 .18858
 46   .21542 .20606 .19725
 47   .22468 .21518 .20621
 48   .23425 .22460 .21549
 49   .24412 .23434 .22509

 50   .25432 .24441 .23502
 51   .26482 .25479 .24528
 52   .27561 .26547 .25584
 53   .28667 .27643 .26669
 54   .29801 .28766 .27782

 55   .30961 .29918 .28925
 56   .32149 .31099 .30097
 57   .33363 .32306 .31297
 58   .34600 .33538 .32522
 59   .35855 .34789 .33768

 60   .37127 .36058 .35033
 61   .38418 .37347 .36318
 62   .39732 .38660 .37629
 63   .41069 .39997 .38966
 64   .42427 .41357 .40326

 65   .43805 .42738 .41709
 66   .45206 .44143 .43118
 67   .46633 .45576 .44556
 68   .48083 .47034 .46020
 69   .49552 .48513 .47506

 70   .51034 .50004 .49007
 71   .52520 .51503 .50516
 72   .54009 .53004 .52029
 73   .55495 .54505 .53543
 74   .56984 .56009 .55061

 75   .58480 .57523 .56591
 76   .59989 .59050 .58135
 77   .61509 .60590 .59694
 78   .63036 .62140 .61264
 79   .64563 .63690 .62836

 80   .66077 .65227 .64396
 81   .67566 .66741 .65933
 82   .69024 .68225 .67441
 83   .70451 .69678 .68919
 84   .71857 .71110 .70377

 85   .73250 .72530 .71823
 86   .74617 .73925 .73245
 87   .75940 .75277 .74624
 88   .77220 .76584 .75958
 89   .78455 .77847 .77248

 90   .79645 .79064 .78492
 91   .80771 .80217 .79671
 92   .81812 .81283 .80761
 93   .82771 .82266 .81767
 94   .83664 .83181 .82704

 95   .84510 .84049 .83592
 96   .85305 .84864 .84427
 97   .86040 .85618 .85200
 98   .86730 .86326 .85926
 99   .87402 .87016 .86633

100   .88056 .87687 .87322
101   .88699 .88348 .88000
102   .89331 .88997 .88666
103   .89957 .89640 .89326
104   .90624 .90326 .90031

105   .91276 .90997 .90719
106   .92113 .91857 .91604
107   .93124 .92899 .92675
108   .94689 .94512 .94336
109   .97348 .97259 .97170
_____________________________________________________________________

                            INTEREST RATE

======================================================================
AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%
======================================================================
  0   .03034 .02857 .02700 .02559 .02433 .02321 .02220
  1   .02279 .02094 .01929 .01782 .01650 .01533 .01427
  2   .02347 .02155 .01983 .01829 .01692 .01569 .01458
  3   .02444 .02243 .02065 .01905 .01761 .01632 .01516
  4   .02558 .02349 .02163 .01996 .01846 .01712 .01590

  5   .02686 .02469 .02275 .02101 .01945 .01804 .01677
  6   .02825 .02600 .02398 .02217 .02053 .01906 .01773
  7   .02976 .02742 .02532 .02343 .02172 .02019 .01880
  8   .03137 .02894 .02675 .02479 .02301 .02140 .01995
  9   .03311 .03059 .02832 .02627 .02442 .02274 .02122

 10   .03499 .03237 .03001 .02788 .02595 .02420 .02262
 11   .03700 .03428 .03183 .02961 .02760 .02578 .02413
 12   .03913 .03632 .03377 .03146 .02937 .02748 .02575
 13   .04135 .03843 .03579 .03339 .03122 .02924 .02744
 14   .04359 .04057 .03783 .03534 .03308 .03102 .02915

 15   .04584 .04270 .03986 .03728 .03493 .03279 .03083
 16   .04806 .04482 .04187 .03919 .03674 .03452 .03248
 17   .05029 .04692 .04387 .04108 .03855 .03623 .03411
 18   .05253 .04905 .04588 .04299 .04036 .03795 .03574
 19   .05484 .05124 .04796 .04496 .04222 .03972 .03742

 20   .05726 .05354 .05013 .04702 .04418 .04158 .03919
 21   .05980 .05595 .05242 .04920 .04625 .04354 .04105
 22   .06246 .05847 .05482 .05147 .04841 .04559 .04301
 23   .06524 .06112 .05734 .05387 .05069 .04777 .04508
 24   .06819 .06392 .06001 .05642 .05312 .05008 .04728

 25   .07131 .06690 .06285 .05913 .05570 .05255 .04964
 26   .07460 .07005 .06586 .06200 .05845 .05518 .05215
 27   .07810 .07340 .06907 .06508 .06140 .05800 .05485
 28   .08179 .07693 .07246 .06833 .06451 .06098 .05772
 29   .08566 .08065 .07603 .07176 .06780 .06414 .06075

 30   .08973 .08456 .07978 .07536 .07127 .06748 .06396
 31   .09398 .08865 .08372 .07915 .07491 .07098 .06733
 32   .09843 .09294 .08785 .08313 .07875 .07468 .07089
 33   .10310 .09745 .09220 .08732 .08279 .07858 .07466
 34   .10799 .10217 .09676 .09173 .08705 .08269 .07862

 35   .11314 .10715 .10157 .09638 .09155 .08704 .08283
 36   .11852 .11236 .10662 .10127 .09628 .09162 .08726
 37   .12416 .11783 .11193 .10641 .10126 .09645 .09194
 38   .13009 .12359 .11751 .11183 .10652 .10155 .09689
 39   .13629 .12962 .12338 .11753 .11206 .10693 .10212

 40   .14281 .13597 .12955 .12355 .11791 .11262 .10766
 41   .14966 .14264 .13606 .12989 .12409 .11864 .11352
 42   .15685 .14966 .14291 .13657 .13061 .12500 .11972
 43   .16437 .15702 .15010 .14360 .13747 .13171 .12627
 44   .17224 .16472 .15764 .15098 .14469 .13876 .13317

 45   .18042 .17274 .16550 .15867 .15223 .14615 .14040
 46   .18893 .18110 .17370 .16671 .16011 .15387 .14796
 47   .19775 .18975 .18220 .17505 .16830 .16190 .15584
 48   .20688 .19873 .19102 .18373 .17682 .17027 .16406
 49   .21633 .20804 .20018 .19274 .18568 .17898 .17262

 50   .22612 .21769 .20969 .20210 .19490 .18805 .18155
 51   .23625 .22769 .21955 .21182 .20448 .19749 .19084
 52   .24669 .23799 .22973 .22186 .21438 .20726 .20047
 53   .25742 .24861 .24022 .23222 .22461 .21735 .21043
 54   .26845 .25952 .25101 .24290 .23516 .22777 .22072

 55   .27978 .27074 .26212 .25389 .24604 .23853 .23136
 56   .29140 .28227 .27355 .26522 .25725 .24963 .24233
 57   .30333 .29411 .28529 .27686 .26879 .26106 .25365
 58   .31551 .30621 .29731 .28878 .28061 .27278 .26528
 59   .32790 .31854 .30956 .30095 .29269 .28477 .27716

 60   .34050 .33107 .32202 .31334 .30500 .29699 .28929
 61   .35331 .34384 .33473 .32598 .31757 .30948 .30170
 62   .36639 .35688 .34772 .33892 .33044 .32229 .31443
 63   .37974 .37020 .36101 .35216 .34363 .33542 .32750
 64   .39334 .38378 .37456 .36568 .35711 .34884 .34087

 65   .40718 .39761 .38838 .37947 .37087 .36257 .35455
 66   .42128 .41172 .40249 .39357 .38496 .37663 .36858
 67   .43569 .42616 .41694 .40803 .39941 .39107 .38299
 68   .45038 .44089 .43170 .42281 .41419 .40585 .39777
 69   .46531 .45587 .44672 .43786 .42927 .42094 .41286
 70   .48040 .47103 .46194 .45312 .44456 .43626 .42820

 71   .49558 .48629 .47727 .46851 .46000 .45174 .44371
 72   .51082 .50162 .49268 .48399 .47554 .46733 .45934
 73   .52607 .51697 .50813 .49952 .49114 .48299 .47506
 74   .54139 .53241 .52367 .51515 .50686 .49879 .49092

 75   .55683 .54798 .53936 .53095 .52276 .51477 .50698
 76   .57243 .56373 .55524 .54696 .53888 .53100 .52330
 77   .58819 .57965 .57132 .56318 .55523 .54747 .53988
 78   .60408 .59572 .58755 .57957 .57177 .56414 .55668
 79   .62001 .61184 .60385 .59604 .58840 .58092 .57360

 80   .63582 .62786 .62007 .61244 .60497 .59765 .59048
 81   .65142 .64367 .63608 .62864 .62135 .61421 .60721
 82   .66673 .65920 .65182 .64458 .63748 .63052 .62368
 83   .68175 .67444 .66728 .66024 .65334 .64656 .63991
 84   .69657 .68950 .68256 .67574 .66904 .66246 .65599

 85   .71128 .70446 .69775 .69116 .68467 .67830 .67204
 86   .72576 .71919 .71272 .70636 .70010 .69394 .68789
 87   .73981 .73349 .72726 .72114 .71511 .70917 .70333
 88   .75342 .74735 .74137 .73548 .72968 .72396 .71833
 89   .76658 .76076 .75503 .74938 .74381 .73832 .73290

 90   .77928 .77371 .76823 .76281 .75748 .75221 .74702
 91   .79131 .78600 .78075 .77557 .77046 .76542 .76044
 92   .80246 .79737 .79235 .78740 .78250 .77767 .77290
 93   .81274 .80788 .80307 .79832 .79363 .78899 .78441
 94   .82232 .81766 .81306 .80850 .80401 .79956 .79517

 95   .83141 .82695 .82254 .81818 .81387 .80961 .80539
 96   .83996 .83569 .83147 .82729 .82316 .81907 .81503
 97   .84787 .84378 .83973 .83573 .83176 .82784 .82396
 98   .85530 .85138 .84750 .84366 .83985 .83609 .83236
 99   .86255 .85880 .85508 .85140 .84776 .84415 .84057

100   .86960 .86601 .86246 .85894 .85546 .85200 .84858
101   .87655 .87313 .86974 .86638 .86305 .85975 .85648
102   .88338 .88012 .87689 .87369 .87052 .86738 .86426
103   .89015 .88706 .88399 .88095 .87793 .87494 .87197
104   .89737 .89446 .89157 .88871 .88586 .88304 .88024

105   .90443 .90170 .89898 .89628 .89360 .89094 .88830
106   .91351 .91101 .90852 .90605 .90359 .90115 .89873
107   .92452 .92230 .92010 .91791 .91573 .91356 .91141
108   .94161 .93987 .93814 .93641 .93469 .93298 .93128
109   .97081 .96992 .96904 .96816 .96729 .96642 .96555
_____________________________________________________________________

                          [table continued]

                            INTEREST RATE

======================================================================
AGE     7.6%   7.8%   8.0%
======================================================================
  0   .02129 .02047 .01973
  1   .01331 .01246 .01168
  2   .01358 .01268 .01187
  3   .01412 .01317 .01232
  4   .01481 .01382 .01292

  5   .01562 .01458 .01364
  6   .01653 .01544 .01445
  7   .01754 .01640 .01536
  8   .01864 .01744 .01635
  9   .01985 .01859 .01745

 10   .02118 .01987 .01867
 11   .02262 .02125 .02000
 12   .02418 .02275 .02144
 13   .02580 .02431 .02294
 14   .02744 .02587 .02444

 15   .02905 .02742 .02593
 16   .03063 .02892 .02736
 17   .03218 .03040 .02877
 18   .03373 .03187 .03017
 19   .03532 .03339 .03161

 20   .03700 .03498 .03313
 21   .03877 .03667 .03473
 22   .04063 .03844 .03642
 23   .04260 .04032 .03821
 24   .04470 .04232 .04012

 25   .04695 .04447 .04218
 26   .04936 .04677 .04438
 27   .05195 .04925 .04676
 28   .05469 .05189 .04929
 29   .05761 .05469 .05198

 30   .06069 .05766 .05483
 31   .06394 .06078 .05785
 32   .06737 .06409 .06103
 33   .07100 .06759 .06441
 34   .07483 .07129 .06798

 35   .07890 .07522 .07179
 36   .08319 .07938 .07581
 37   .08772 .08377 .08006
 38   .09253 .08843 .08459
 39   .09761 .09337 .08938

 40   .10299 .09860 .09447
 41   .10870 .10417 .09989
 42   .11475 .11006 .10564
 43   .12115 .11631 .11174
 44   .12789 .12290 .11819

 45   .13496 .12982 .12496
 46   .14238 .13708 .13207
 47   .15010 .14466 .13950
 48   .15817 .15258 .14727
 49   .16658 .16084 .15539

 50   .17536 .16948 .16388
 51   .18452 .17849 .17275
 52   .19400 .18784 .18196
 53   .20383 .19753 .19151
 54   .21399 .20756 .20140

 55   .22450 .21793 .21166
 56   .23535 .22867 .22227
 57   .24656 .23976 .23324
 58   .25807 .25116 .24453
 59   .26986 .26284 .25610

60   .28190 .27478 .26794
 61   .29422 .28701 .28007
 62   .30687 .29958 .29255
 63   .31986 .31250 .30539
 64   .33317 .32574 .31857

 65   .34681 .33932 .33208
 66   .36079 .35326 .34597
 67   .37518 .36761 .36028
 68   .38994 .38235 .37499
 69   .40503 .39743 .39006
 70   .42038 .41278 .40540

 71   .43591 .42832 .42095
 72   .45157 .44401 .43666
 73   .46733 .45981 .45249
 74   .48325 .47578 .46849

 75   .49938 .49197 .48474
 76   .51579 .50846 .50130
 77   .53247 .52523 .51815
 78   .54939 .54225 .53527
 79   .56644 .55943 .55256

 80   .58347 .57659 .56985
 81   .60034 .59361 .58701
 82   .61698 .61041 .60395
 83   .63338 .62696 .62066
 84   .64964 .64340 .63727

 85   .66587 .65982 .65386
 86   .68193 .67606 .67029
 87   .69757 .69190 .68632
 88   .71279 .70732 .70194
 89   .72757 .72231 .71712

 90   .74190 .73684 .73186
 91   .75553 .75068 .74589
 92   .76818 .76353 .75893
 93   .77989 .77542 .77100
 94   .79082 .78653 .78228

 95   .80122 .79710 .79302
 96   .81103 .80707 .80315
 97   .82012 .81632 .81255
 98   .82867 .82502 .82140
 99   .83703 .83353 .83005

100   .84519 .84183 .83849
101   .85324 .85003 .84684
102   .86116 .85809 .85505
103   .86903 .86611 .86321
104   .87745 .87469 .87195

105   .88568 .88307 .88049
106   .89632 .89392 .89154
107   .90927 .90714 .90502
108   .92958 .92790 .92622
109   .96468 .96382 .96296
_____________________________________________________________________

                            INTEREST RATE

=====================================================================
AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%
=====================================================================
  0   .01906 .01845 .01790 .01740 .01694 .01652 .01613
  1   .01098 .01034 .00977 .00924 .00876 .00833 .00793
  2   .01113 .01046 .00986 .00930 .00880 .00834 .00791
  3   .01155 .01084 .01020 .00962 .00909 .00860 .00816
  4   .01211 .01137 .01069 .01008 .00952 .00900 .00853

  5   .01279 .01201 .01130 .01065 .01006 .00952 .00902
  6   .01356 .01274 .01199 .01131 .01068 .01011 .00959
  7   .01442 .01356 .01277 .01205 .01140 .01079 .01023
  8   .01536 .01446 .01363 .01287 .01218 .01154 .01096
  9   .01641 .01546 .01460 .01380 .01307 .01240 .01178

 10   .01758 .01659 .01567 .01484 .01407 .01336 .01270
 11   .01886 .01781 .01686 .01598 .01517 .01442 .01373
 12   .02024 .01915 .01814 .01721 .01636 .01558 .01485
 13   .02168 .02054 .01948 .01851 .01762 .01679 .01603
 14   .02313 .02193 .02083 .01981 .01887 .01801 .01721

 15   .02456 .02330 .02214 .02107 .02009 .01918 .01834
 16   .02593 .02462 .02340 .02229 .02126 .02030 .01942
 17   .02728 .02590 .02463 .02346 .02238 .02138 .02046
 18   .02861 .02717 .02584 .02462 .02348 .02243 .02146
 19   .02998 .02847 .02708 .02580 .02461 .02351 .02249

 20   .03142 .02984 .02839 .02704 .02580 .02465 .02357
 21   .03295 .03130 .02978 .02837 .02706 .02585 .02473
 22   .03455 .03283 .03124 .02976 .02839 .02712 .02594
 23   .03626 .03446 .03279 .03124 .02981 .02847 .02723
 24   .03809 .03620 .03446 .03283 .03133 .02993 .02863

 25   .04005 .03808 .03625 .03456 .03298 .03151 .03014
 26   .04216 .04010 .03819 .03641 .03476 .03322 .03178
 27   .04444 .04229 .04029 .03843 .03670 .03508 .03357
 28   .04687 .04463 .04254 .04059 .03877 .03708 .03550
 29   .04946 .04712 .04493 .04289 .04099 .03922 .03756

 30   .05221 .04976 .04748 .04534 .04335 .04149 .03975
 31   .05511 .05255 .05017 .04794 .04585 .04390 .04208
 32   .05818 .05551 .05302 .05069 .04851 .04647 .04455
 33   .06144 .05866 .05606 .05363 .05135 .04921 .04720
 34   .06489 .06200 .05928 .05674 .05436 .05212 .05002

 35   .06857 .06555 .06273 .06007 .05758 .05524 .05304
 36   .07246 .06932 .06638 .06361 .06101 .05856 .05626
 37   .07659 .07332 .07025 .06737 .06466 .06210 .05969
 38   .08098 .07758 .07439 .07138 .06855 .06588 .06336
 39   .08563 .08210 .07878 .07565 .07270 .06992 .06729

 40   .09059 .08692 .08347 .08021 .07714 .07423 .07149
 41   .09586 .09206 .08848 .08509 .08189 .07886 .07600
 42   .10147 .09753 .09381 .09029 .08696 .08381 .08083
 43   .10742 .10334 .09948 .09583 .09237 .08909 .08598
 44   .11373 .10950 .10551 .10172 .09813 .09472 .09148

 45   .12035 .11599 .11185 .10792 .10420 .10066 .09730
 46   .12732 .12281 .11853 .11447 .11061 .10694 .10345
 47   .13460 .12995 .12553 .12133 .11733 .11353 .10991
 48   .14223 .13743 .13287 .12853 .12439 .12046 .11671
 49   .15020 .14526 .14056 .13608 .13181 .12774 .12385

 50   .15855 .15347 .14862 .14401 .13960 .13540 .13138
 51   .16727 .16205 .15707 .15232 .14777 .14344 .13929
 52   .17634 .17098 .16587 .16097 .15630 .15183 .14755
 53   .18576 .18027 .17501 .16999 .16518 .16057 .15616
 54   .19552 .18990 .18451 .17935 .17441 .16968 .16514

 55   .20564 .19989 .19437 .18908 .18402 .17915 .17449
 56   .21613 .21025 .20461 .19919 .19400 .18901 .18422
 57   .22698 .22098 .21522 .20968 .20436 .19925 .19434
 58   .23816 .23204 .22616 .22051 .21507 .20984 .20481
 59   .24962 .24339 .23740 .23163 .22608 .22073 .21558

 60   .26136 .25502 .24892 .24304 .23738 .23192 .22666
 61   .27339 .26695 .26075 .25477 .24900 .24343 .23806
 62   .28578 .27925 .27295 .26687 .26100 .25533 .24985
 63   .29854 .29192 .28553 .27935 .27339 .26762 .26205
 64   .31164 .30494 .29846 .29221 .28615 .28030 .27463

 65   .32508 .31831 .31177 .30543 .29930 .29336 .28761
 66   .33891 .33208 .32547 .31906 .31285 .30684 .30101
 67   .35318 .34630 .33963 .33316 .32689 .32081 .31491
 68   .36785 .36093 .35422 .34770 .34138 .33524 .32928
 69   .38290 .37595 .36920 .36265 .35628 .35009 .34408
 70   .39823 .39127 .38450 .37791 .37151 .36529 .35924

 71   .41378 .40681 .40003 .39343 .38701 .38076 .37467
 72   .42950 .42253 .41575 .40914 .40271 .39644 .39034
 73   .44535 .43840 .43162 .42502 .41858 .41231 .40619
 74   .46139 .45446 .44771 .44112 .43469 .42842 .42230

 75   .47769 .47080 .46408 .45752 .45111 .44485 .43874
 76   .49430 .48747 .48079 .47427 .46790 .46167 .45558
 77   .51123 .50447 .49786 .49139 .48506 .47888 .47282
 78   .52845 .52177 .51523 .50884 .50257 .49645 .49044
 79   .54584 .53926 .53282 .52650 .52032 .51426 .50833

 80   .56325 .55678 .55044 .54423 .53813 .53216 .52630
 81   .58054 .57419 .56797 .56186 .55587 .54999 .54422
 82   .59762 .59140 .58530 .57931 .57343 .56766 .56198
 83   .61448 .60840 .60243 .59657 .59081 .58515 .57958
 84   .63124 .62531 .61949 .61376 .60813 .60259 .59715

 85   .64800 .64224 .63657 .63099 .62550 .62010 .61478
 86   .66461 .65902 .65351 .64810 .64276 .63751 .63233
 87   .68083 .67541 .67008 .66483 .65965 .65455 .64953
 88   .69663 .69140 .68624 .68116 .67615 .67121 .66634
 89   .71201 .70696 .70199 .69708 .69224 .68747 .68276

 90   .72694 .72209 .71730 .71257 .70791 .70330 .69876
 91   .74117 .73650 .73190 .72735 .72286 .71842 .71404
 92   .75439 .74991 .74548 .74110 .73678 .73251 .72829
 93   .76664 .76233 .75806 .75385 .74969 .74557 .74150
 94   .77809 .77394 .76983 .76578 .76177 .75780 .75388

 95   .78899 .78500 .78106 .77715 .77329 .76947 .76569
 96   .79928 .79544 .79165 .78790 .78418 .78050 .77686
 97   .80883 .80514 .80149 .79787 .79430 .79075 .78725
 98   .81781 .81427 .81075 .80727 .80382 .80041 .79703
 99   .82661 .82320 .81982 .81648 .81316 .80988 .80662

100   .83519 .83192 .82868 .82547 .82228 .81913 .81600
101   .84368 .84055 .83744 .83437 .83131 .82829 .82529
102   .85203 .84904 .84607 .84313 .84021 .83731 .83444
103   .86034 .85748 .85465 .85184 .84906 .84629 .84355
104   .86923 .86653 .86385 .86119 .85855 .85593 .85333

105   .87792 .87537 .87283 .87032 .86782 .86534 .86287
106   .88918 .88683 .88450 .88218 .87987 .87758 .87530
107   .90291 .90082 .89873 .89666 .89460 .89255 .89051
108   .92455 .92288 .92123 .91958 .91794 .91630 .91468
109   .96211 .96125 .96041 .95956 .95872 .95788 .95704
____________________________________________________________________

                          [table continued]

                            INTEREST RATE

=====================================================================
AGE     9.6%   9.8%  10.0%
=====================================================================
  0   .01578 .01546 .01516
  1   .00756 .00722 .00691
  2   .00753 .00717 .00684
  3   .00775 .00737 .00702
  4   .00810 .00770 .00733

  5   .00856 .00814 .00775
  6   .00910 .00865 .00824
  7   .00972 .00925 .00881
  8   .01041 .00991 .00945
  9   .01120 .01068 .01019

 10   .01210 .01154 .01103
 11   .01310 .01251 .01196
 12   .01419 .01357 .01299
 13   .01533 .01467 .01407
 14   .01646 .01578 .01514

 15   .01756 .01684 .01617
 16   .01860 .01785 .01714
 17   .01960 .01880 .01806
 18   .02056 .01972 .01894
 19   .02154 .02066 .01984

 20   .02258 .02165 .02079
 21   .02368 .02271 .02180
 22   .02484 .02382 .02286
 23   .02608 .02500 .02400
 24   .02741 .02628 .02522

 25   .02887 .02768 .02656
 26   .03044 .02919 .02802
 27   .03217 .03085 .02962
 28   .03402 .03263 .03133
 29   .03600 .03455 .03318

 30   .03812 .03659 .03515
 31   .04037 .03876 .03725
 32   .04276 .04107 .03948
 33   .04532 .04355 .04188
 34   .04805 .04619 .04444

 35   .05097 .04902 .04718
 36   .05409 .05205 .05012
 37   .05742 .05528 .05325
 38   .06099 .05874 .05662
 39   .06480 .06245 .06023

 40   .06889 .06643 .06411
 41   .07329 .07072 .06828
 42   .07800 .07531 .07277
 43   .08304 .08024 .07758
 44   .08841 .08549 .08272

 45   .09410 .09106 .08817
 46   .10013 .09696 .09395
 47   .10646 .10317 .10004
 48   .11313 .10972 .10646
 49   .12015 .11661 .11322

 50   .12754 .12388 .12037
 51   .13532 .13153 .12789
 52   .14345 .13953 .13577
 53   .15194 .14789 .14400
 54   .16078 .15661 .15260

 55   .17001 .16571 .16157
 56   .17962 .17519 .17093
 57   .18961 .18507 .18069
 58   .19996 .19530 .19080
 59   .21062 .20584 .20123

 60   .22158 .21669 .21196
 61   .23288 .22787 .22304
 62   .24456 .23945 .23451
 63   .25666 .25145 .24641
 64   .26915 .26384 .25870

 65   .28203 .27663 .27140
 66   .29536 .28987 .28456
 67   .30918 .30363 .29823
 68   .32349 .31787 .31240
 69   .33824 .33256 .32703
 70   .35335 .34762 .34204

 71   .36875 .36298 .35736
 72   .38438 .37858 .37293
 73   .40022 .39440 .38872
 74   .41632 .41049 .40479

 75   .43277 .42693 .42123
 76   .44963 .44380 .43811
 77   .46690 .46111 .45543
 78   .48457 .47881 .47317
 79   .50251 .49681 .49122

 80   .52056 .51492 .50939
 81   .53856 .53300 .52754
 82   .55641 .55094 .54557
 83   .57411 .56874 .56346
 84   .59179 .58652 .58134

 85   .60955 .60441 .59934
 86   .62724 .62222 .61728
 87   .64458 .63970 .63489
 88   .66154 .65680 .65213
 89   .67811 .67353 .66900

 90   .69427 .68984 .68547
 91   .70972 .70545 .70123
 92   .72412 .72000 .71593
 93   .73748 .73350 .72957
 94   .75000 .74616 .74237

 95   .76195 .75826 .75460
 96   .77326 .76970 .76617
 97   .78377 .78033 .77693
 98   .79368 .79036 .78708
 99   .80340 .80020 .79704

100   .81290 .80982 .80678
101   .82231 .81936 .81643
102   .83159 .82876 .82596
103   .84082 .83812 .83544
104   .85074 .84818 .84563

105   .86042 .85799 .85557
106   .87304 .87079 .86855
107   .88849 .88647 .88447
108   .91306 .91145 .90984
109   .95620 .95537 .95455
_____________________________________________________________________

                            INTEREST RATE

=====================================================================
AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%
=====================================================================
  0   .01488 .01463 .01439 .01417 .01396 .01377 .01359
  1   .00662 .00636 .00612 .00589 .00568 .00548 .00530
  2   .00654 .00626 .00600 .00576 .00554 .00533 .00514
  3   .00670 .00641 .00613 .00588 .00564 .00542 .00522
  4   .00699 .00668 .00639 .00612 .00587 .00563 .00542

  5   .00739 .00706 .00675 .00646 .00620 .00595 .00571
  6   .00786 .00751 .00718 .00687 .00659 .00633 .00608
  7   .00841 .00803 .00769 .00736 .00706 .00678 .00652
  8   .00902 .00863 .00826 .00791 .00759 .00730 .00702
  9   .00973 .00931 .00892 .00856 .00822 .00790 .00760

 10   .01055 .01010 .00969 .00930 .00894 .00861 .00829
 11   .01146 .01099 .01055 .01014 .00976 .00940 .00907
 12   .01246 .01196 .01150 .01106 .01066 .01028 .00993
 13   .01351 .01298 .01249 .01204 .01161 .01121 .01084
 14   .01455 .01400 .01348 .01300 .01255 .01213 .01173

 15   .01555 .01497 .01443 .01392 .01345 .01300 .01259
 16   .01648 .01587 .01530 .01477 .01427 .01380 .01336
 17   .01737 .01673 .01612 .01556 .01504 .01455 .01408
 18   .01822 .01754 .01691 .01632 .01576 .01525 .01476
 19   .01908 .01837 .01770 .01708 .01650 .01595 .01544

 20   .01999 .01924 .01854 .01788 .01726 .01669 .01615
 21   .02096 .02017 .01943 .01874 .01809 .01748 .01691
 22   .02197 .02114 .02036 .01963 .01895 .01830 .01770
 23   .02306 .02218 .02136 .02059 .01987 .01919 .01855
 24   .02424 .02331 .02245 .02163 .02087 .02016 .01948

 25   .02552 .02455 .02364 .02278 .02197 .02122 .02051
 26   .02692 .02589 .02493 .02403 .02318 .02238 .02162
 27   .02846 .02738 .02636 .02541 .02451 .02367 .02287
 28   .03012 .02898 .02791 .02690 .02595 .02506 .02422
 29   .03190 .03070 .02957 .02851 .02751 .02656 .02567

 30   .03381 .03254 .03135 .03023 .02917 .02817 .02723
 31   .03583 .03450 .03324 .03206 .03094 .02989 .02890
 32   .03799 .03659 .03527 .03402 .03284 .03173 .03068
 33   .04031 .03883 .03744 .03612 .03488 .03371 .03260
 34   .04279 .04123 .03976 .03838 .03707 .03583 .03465

 35   .04545 .04382 .04227 .04081 .03943 .03812 .03688
 36   .04830 .04658 .04495 .04341 .04196 .04058 .03927
 37   .05134 .04953 .04782 .04620 .04467 .04321 .04183
 38   .05462 .05272 .05092 .04921 .04760 .04606 .04461
 39   .05812 .05613 .05424 .05245 .05075 .04913 .04760

 40   .06190 .05981 .05782 .05594 .05415 .05245 .05083
 41   .06597 .06378 .06170 .05972 .05784 .05605 .05435
 42   .07035 .06806 .06587 .06380 .06182 .05994 .05815
 43   .07505 .07265 .07036 .06818 .06611 .06414 .06225
 44   .08008 .07757 .07518 .07290 .07072 .06865 .06667

 45   .08542 .08279 .08029 .07791 .07563 .07346 .07138
 46   .09108 .08834 .08573 .08324 .08085 .07858 .07640
 47   .09705 .09419 .09147 .08886 .08637 .08399 .08172
 48   .10335 .10038 .09754 .09482 .09222 .08973 .08735
 49   .10999 .10690 .10394 .10111 .09840 .09581 .09332

 50   .11701 .11380 .11073 .10778 .10496 .10225 .09965
 51   .12441 .12108 .11789 .11482 .11189 .10907 .10636
 52   .13217 .12871 .12540 .12222 .11916 .11623 .11341
 53   .14028 .13670 .13327 .12997 .12680 .12375 .12082
 54   .14875 .14505 .14150 .13808 .13480 .13163 .12859

 55   .15760 .15378 .15011 .14657 .14317 .13989 .13674
 56   .16684 .16290 .15911 .15546 .15194 .14855 .14528
 57   .17648 .17242 .16851 .16474 .16111 .15760 .15422
 58   .18647 .18229 .17827 .17438 .17064 .16702 .16353
 59   .19678 .19249 .18835 .18435 .18049 .17676 .17316

 60   .20740 .20300 .19875 .19464 .19066 .18682 .18311
 61   .21837 .21385 .20949 .20527 .20119 .19724 .19341
 62   .22973 .22511 .22064 .21631 .21212 .20807 .20414
 63   .24152 .23680 .23222 .22779 .22350 .21934 .21530
 64   .25372 .24890 .24422 .23969 .23529 .23103 .22690

 65   .26633 .26141 .25664 .25201 .24752 .24316 .23893
 66   .27940 .27439 .26953 .26481 .26023 .25577 .25145
 67   .29299 .28790 .28296 .27815 .27348 .26894 .26453
 68   .30709 .30193 .29691 .29202 .28728 .28265 .27816
 69   .32166 .31643 .31134 .30639 .30157 .29687 .29230
 70   .33661 .33133 .32618 .32116 .31628 .31152 .30688

 71   .35188 .34654 .34134 .33627 .33133 .32651 .32181
 72   .36742 .36204 .35679 .35168 .34668 .34181 .33706
 73   .38317 .37776 .37248 .36733 .36229 .35738 .35257
 74   .39923 .39380 .38849 .38330 .37823 .37328 .36844

 75   .41566 .41021 .40489 .39968 .39459 .38961 .38474
 76   .43254 .42709 .42176 .41655 .41144 .40645 .40156
 77   .44988 .44444 .43912 .43391 .42880 .42380 .41891
 78   .46765 .46224 .45694 .45174 .44665 .44166 .43677
 79   .48574 .48037 .47510 .46993 .46487 .45990 .45502

 80   .50397 .49865 .49343 .48830 .48327 .47834 .47349
 81   .52219 .51693 .51176 .50669 .50171 .49682 .49201
 82   .54029 .53510 .53000 .52499 .52007 .51523 .51047
 83   .55826 .55315 .54813 .54319 .53834 .53356 .52886
 84   .57624 .57123 .56629 .56144 .55666 .55195 .54732

 85   .59435 .58944 .58460 .57984 .57516 .57054 .56599
 86   .61241 .60762 .60289 .59824 .59365 .58913 .58468
 87   .63015 .62548 .62087 .61633 .61185 .60744 .60309
 88   .64753 .64299 .63851 .63409 .62973 .62543 .62118
 89   .66454 .66013 .65579 .65150 .64726 .64308 .63895

 90   .68115 .67689 .67268 .66853 .66442 .66037 .65637
 91   .69706 .69294 .68887 .68486 .68089 .67696 .67309
 92   .71190 .70792 .70399 .70011 .69627 .69247 .68872
 93   .72569 .72184 .71804 .71429 .71057 .70689 .70326
 94   .73861 .73490 .73123 .72759 .72400 .72044 .71692

 95   .75097 .74739 .74384 .74033 .73686 .73342 .73002
 96   .76267 .75922 .75579 .75240 .74905 .74572 .74243
 97   .77356 .77022 .76691 .76363 .76039 .75718 .75399
 98   .78382 .78059 .77740 .77423 .77110 .76799 .76491
 99   .79390 .79079 .78771 .78465 .78162 .77862 .77565

100   .80376 .80076 .79779 .79485 .79193 .78904 .78617
101   .81353 .81066 .80780 .80497 .80217 .79938 .79662
102   .82318 .82042 .81768 .81496 .81227 .80960 .80694
103   .83278 .83014 .82752 .82491 .82233 .81977 .81723
104   .84310 .84059 .83810 .83563 .83317 .83073 .82831

105   .85318 .85079 .84843 .84607 .84374 .84142 .83911
106   .86633 .86413 .86193 .85975 .85758 .85543 .85329
107   .88247 .88049 .87852 .87656 .87460 .87266 .87073
108   .90825 .90666 .90507 .90350 .90193 .90037 .89881
109   .95372 .95290 .95208 .95126 .95045 .94964 .94883
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE    11.6%  11.8%  12.0%
=====================================================================
  0   .01343 .01327 .01312
  1   .00513 .00497 .00482
  2   .00496 .00479 .00463
  3   .00502 .00484 .00468
  4   .00521 .00502 .00484

  5   .00550 .00529 .00510
  6   .00585 .00563 .00543
  7   .00627 .00604 .00582
  8   .00675 .00651 .00628
  9   .00733 .00706 .00682

 10   .00799 .00772 .00746
 11   .00875 .00846 .00818
 12   .00960 .00928 .00899
 13   .01049 .01016 .00985
 14   .01136 .01102 .01069

 15   .01220 .01183 .01148
 16   .01295 .01257 .01220
 17   .01365 .01324 .01286
 18   .01430 .01387 .01347
 19   .01495 .01450 .01407

 20   .01564 .01516 .01471
 21   .01637 .01586 .01539
 22   .01713 .01660 .01610
 23   .01795 .01739 .01686
 24   .01885 .01825 .01769

 25   .01984 .01920 .01861
 26   .02091 .02025 .01961
 27   .02212 .02141 .02074
 28   .02342 .02267 .02196
 29   .02483 .02404 .02329

 30   .02634 .02551 .02471
 31   .02796 .02707 .02623
 32   .02968 .02874 .02785
 33   .03155 .03055 .02961
 34   .03354 .03249 .03149

 35   .03571 .03459 .03354
 36   .03803 .03685 .03573
 37   .04052 .03928 .03809
 38   .04322 .04191 .04066
 39   .04614 .04475 .04343

 40   .04929 .04783 .04643
 41   .05272 .05118 .04970
 42   .05644 .05481 .05326
 43   .06045 .05874 .05710
 44   .06478 .06298 .06125

 45   .06940 .06750 .06569
 46   .07432 .07233 .07043
 47   .07954 .07745 .07545
 48   .08507 .08288 .08078
 49   .09093 .08864 .08644

 50   .09716 .09477 .09247
 51   .10376 .10126 .09886
 52   .11071 .10810 .10560
 53   .11801 .11529 .11268
 54   .12566 .12284 .12012

 55   .13370 .13077 .12794
 56   .14213 .13909 .13615
 57   .15096 .14781 .14477
 58   .16015 .15689 .15374
 59   .16968 .16631 .16305

 60   .17952 .17604 .17268
 61   .18971 .18613 .18266
 62   .20033 .19664 .19306
 63   .21139 .20760 .20392
 64   .22289 .21899 .21521

 65   .23482 .23083 .22695
 66   .24724 .24316 .23918
 67   .26024 .25606 .25200
 68   .27378 .26952 .26537
 69   .28785 .28351 .27928
 70   .30235 .29794 .29364

 71   .31722 .31275 .30838
 72   .33241 .32788 .32345
 73   .34788 .34330 .33882
 74   .36370 .35908 .35455

 75   .37997 .37531 .37074
 76   .39677 .39208 .38749
 77   .41411 .40940 .40479
 78   .43197 .42726 .42265
 79   .45024 .44554 .44094

 80   .46873 .46406 .45947
 81   .48729 .48265 .47809
 82   .50580 .50120 .49667
 83   .52424 .51969 .51522
 84   .54277 .53828 .53386

 85   .56151 .55710 .55275
 86   .58029 .57596 .57170
 87   .59880 .59456 .59039
 88   .61700 .61287 .60879
 89   .63488 .63086 .62689

 90   .65241 .64851 .64465
 91   .66925 .66547 .66173
 92   .68501 .68134 .67771
 93   .69967 .69611 .69259
 94   .71344 .71000 .70659

 95   .72665 .72331 .72001
 96   .73917 .73595 .73275
 97   .75084 .74772 .74463
 98   .76186 .75884 .75584
 99   .77270 .76978 .76688

100   .78333 .78051 .77771
101   .79388 .79117 .78847
102   .80431 .80170 .79911
103   .81470 .81220 .80971
104   .82591 .82352 .82115

105   .83682 .83455 .83229
106   .85116 .84904 .84694
107   .86881 .86690 .86500
108   .89727 .89572 .89419
109   .94803 .94723 .94643
_____________________________________________________________________

                            INTEREST RATE

=====================================================================
AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%
=====================================================================
  0   .01298 .01285 .01273 .01261 .01250 .01240 .01230
  1   .00468 .00455 .00443 .00431 .00420 .00410 .00400
  2   .00448 .00435 .00421 .00409 .00398 .00387 .00376
  3   .00452 .00437 .00423 .00410 .00398 .00386 .00375
  4   .00468 .00452 .00437 .00423 .00410 .00397 .00386

  5   .00493 .00476 .00460 .00445 .00431 .00418 .00405
  6   .00524 .00506 .00489 .00473 .00458 .00444 .00430
  7   .00562 .00543 .00525 .00508 .00492 .00477 .00462
  8   .00606 .00586 .00566 .00548 .00531 .00515 .00499
  9   .00659 .00637 .00616 .00597 .00579 .00561 .00545

 10   .00721 .00698 .00676 .00655 .00636 .00617 .00600
 11   .00792 .00767 .00744 .00722 .00701 .00682 .00663
 12   .00871 .00845 .00821 .00797 .00775 .00754 .00735
 13   .00955 .00928 .00902 .00877 .00854 .00831 .00810
 14   .01038 .01009 .00981 .00955 .00930 .00907 .00885

 15   .01116 .01085 .01056 .01028 .01002 .00977 .00954
 16   .01186 .01153 .01123 .01094 .01066 .01040 .01015
 17   .01250 .01215 .01183 .01152 .01124 .01096 .01070
 18   .01308 .01272 .01238 .01206 .01175 .01147 .01119
 19   .01367 .01329 .01293 .01259 .01227 .01196 .01167

 20   .01428 .01388 .01350 .01314 .01280 .01248 .01217
 21   .01494 .01451 .01411 .01373 .01337 .01303 .01271
 22   .01562 .01517 .01475 .01435 .01397 .01361 .01326
 23   .01635 .01588 .01543 .01501 .01460 .01422 .01386
 24   .01716 .01665 .01618 .01573 .01530 .01489 .01451

 25   .01804 .01751 .01701 .01653 .01608 .01565 .01524
 26   .01902 .01845 .01792 .01741 .01693 .01648 .01604
 27   .02011 .01951 .01895 .01841 .01790 .01742 .01696
 28   .02129 .02066 .02006 .01949 .01895 .01844 .01795
 29   .02258 .02191 .02127 .02067 .02009 .01955 .01903

 30   .02396 .02325 .02257 .02193 .02132 .02074 .02019
 31   .02543 .02467 .02396 .02328 .02263 .02201 .02143
 32   .02701 .02621 .02545 .02472 .02404 .02338 .02276
 33   .02871 .02786 .02706 .02629 .02556 .02487 .02420
 34   .03054 .02964 .02879 .02797 .02720 .02646 .02576

 35   .03253 .03158 .03067 .02981 .02898 .02820 .02745
 36   .03467 .03366 .03269 .03178 .03090 .03007 .02928
 37   .03697 .03590 .03488 .03391 .03298 .03209 .03125
 38   .03947 .03833 .03725 .03622 .03524 .03430 .03340
 39   .04217 .04096 .03982 .03873 .03768 .03669 .03573

 40   .04510 .04383 .04262 .04146 .04035 .03930 .03828
 41   .04830 .04695 .04567 .04445 .04327 .04215 .04108
 42   .05177 .05035 .04900 .04770 .04646 .04527 .04413
 43   .05553 .05404 .05261 .05123 .04992 .04866 .04746
 44   .05960 .05802 .05651 .05506 .05368 .05235 .05107

 45   .06395 .06229 .06069 .05917 .05770 .05630 .05495
 46   .06860 .06685 .06517 .06356 .06202 .06053 .05911
 47   .07353 .07169 .06992 .06823 .06660 .06504 .06353
 48   .07877 .07684 .07498 .07320 .07149 .06984 .06826
 49   .08433 .08231 .08036 .07849 .07669 .07495 .07329

 50   .09026 .08814 .08609 .08413 .08224 .08042 .07867
 51   .09655 .09433 .09219 .09013 .08815 .08624 .08440
 52   .10318 .10086 .09863 .09647 .09439 .09239 .09046
 53   .11017 .10774 .10541 .10315 .10098 .09888 .09686
 54   .11750 .11498 .11254 .11019 .10792 .10572 .10361

 55   .12522 .12258 .12005 .11759 .11522 .11294 .11072
 56   .13332 .13059 .12794 .12539 .12292 .12054 .11823
 57   .14183 .13899 .13624 .13359 .13102 .12853 .12613
 58   .15070 .14775 .14490 .14215 .13948 .13689 .13439
 59   .15990 .15685 .15389 .15103 .14826 .14558 .14298

 60   .16942 .16626 .16321 .16024 .15737 .15459 .15189
 61   .17929 .17603 .17287 .16981 .16684 .16395 .16115
 62   .18960 .18623 .18297 .17980 .17673 .17375 .17085
 63   .20035 .19688 .19352 .19025 .18708 .18400 .18100
 64   .21154 .20797 .20451 .20114 .19787 .19469 .19159

 65   .22318 .21951 .21595 .21249 .20912 .20584 .20265
 66   .23532 .23156 .22790 .22434 .22088 .21751 .21422
 67   .24804 .24419 .24044 .23679 .23324 .22977 .22640
 68   .26133 .25740 .25356 .24983 .24618 .24263 .23917
 69   .27516 .27114 .26723 .26341 .25969 .25605 .25251
 70   .28945 .28536 .28137 .27747 .27367 .26996 .26633

 71   .30412 .29996 .29590 .29193 .28806 .28427 .28057
 72   .31913 .31491 .31078 .30675 .30281 .29895 .29519
 73   .33444 .33016 .32597 .32188 .31788 .31396 .31013
 74   .35012 .34579 .34155 .33741 .33335 .32938 .32549

 75   .36628 .36190 .35762 .35343 .34932 .34530 .34136
 76   .38299 .37858 .37427 .37004 .36589 .36183 .35784
 77   .40028 .39585 .39151 .38725 .38307 .37898 .37496
 78   .41812 .41368 .40933 .40506 .40086 .39675 .39271
 79   .43641 .43198 .42762 .42334 .41914 .41502 .41096

 80   .45496 .45054 .44619 .44192 .43772 .43360 .42954
 81   .47360 .46920 .46487 .46061 .45643 .45231 .44827
 82   .49223 .48785 .48355 .47932 .47516 .47106 .46703
 83   .51081 .50648 .50221 .49802 .49388 .48982 .48581
 84   .52951 .52523 .52101 .51686 .51277 .50874 .50477

 85   .54847 .54425 .54009 .53600 .53196 .52798 .52406
 86   .56749 .56335 .55926 .55523 .55126 .54734 .54348
 87   .58627 .58221 .57820 .57425 .57035 .56650 .56270
 88   .60477 .60079 .59688 .59301 .58919 .58542 .58170
 89   .62297 .61909 .61527 .61149 .60776 .60408 .60044

 90   .64084 .63707 .63335 .62968 .62604 .62246 .61891
 91   .65803 .65437 .65076 .64719 .64366 .64017 .63672
 92   .67412 .67058 .66707 .66360 .66017 .65678 .65342
 93   .68911 .68567 .68227 .67890 .67557 .67227 .66901
 94   .70321 .69988 .69657 .69330 .69006 .68686 .68369

 95   .71674 .71351 .71031 .70713 .70399 .70088 .69781
 96   .72959 .72646 .72335 .72028 .71724 .71422 .71123
 97   .74156 .73853 .73552 .73254 .72959 .72666 .72376
 98   .75287 .74993 .74702 .74413 .74126 .73842 .73561
 99   .76401 .76117 .75834 .75555 .75277 .75002 .74730

100   .77494 .77219 .76946 .76676 .76408 .76142 .75878
101   .78580 .78315 .78052 .77791 .77532 .77275 .77021
102   .79654 .79399 .79146 .78894 .78645 .78397 .78152
103   .80724 .80479 .80236 .79994 .79755 .79517 .79280
104   .81879 .81646 .81413 .81183 .80954 .80726 .80501

105   .83005 .82782 .82560 .82340 .82121 .81904 .81688
106   .84485 .84277 .84071 .83866 .83662 .83459 .83257
107   .86311 .86124 .85937 .85751 .85566 .85382 .85199
108   .89266 .89114 .88963 .88812 .88662 .88513 .88364
109   .94563 .94484 .94405 .94326 .94248 .94170 .94092
_____________________________________________________________________

                          [table continued]

                            INTEREST RATE

=====================================================================
AGE    13.6%  13.8%  14.0%
=====================================================================
  0   .01221 .01212 .01203
  1   .00391 .00382 .00374
  2   .00366 .00357 .00348
  3   .00365 .00355 .00345
  4   .00375 .00364 .00354

  5   .00393 .00382 .00371
  6   .00418 .00406 .00394
  7   .00449 .00436 .00423
  8   .00485 .00471 .00458
  9   .00529 .00514 .00500

 10   .00583 .00567 .00552
 11   .00645 .00628 .00612
 12   .00716 .00698 .00681
 13   .00790 .00771 .00753
 14   .00864 .00843 .00824

 15   .00932 .00910 .00890
 16   .00992 .00969 .00948
 17   .01045 .01022 .00999
 18   .01093 .01068 .01044
 19   .01140 .01113 .01088

 20   .01188 .01161 .01134
 21   .01240 .01211 .01183
 22   .01294 .01263 .01233
 23   .01351 .01319 .01287
 24   .01415 .01380 .01347

 25   .01485 .01448 .01413
 26   .01563 .01524 .01487
 27   .01652 .01610 .01571
 28   .01748 .01704 .01662
 29   .01853 .01806 .01762

 30   .01966 .01916 .01869
 31   .02087 .02034 .01983
 32   .02217 .02160 .02106
 33   .02357 .02297 .02240
 34   .02509 .02445 .02383

 35   .02674 .02606 .02541
 36   .02852 .02779 .02710
 37   .03044 .02967 .02893
 38   .03254 .03172 .03094
 39   .03482 .03395 .03312

 40   .03732 .03639 .03550
 41   .04005 .03907 .03812
 42   .04304 .04200 .04100
 43   .04630 .04520 .04413
 44   .04985 .04867 .04754

 45   .05365 .05241 .05121
 46   .05774 .05643 .05516
 47   .06209 .06070 .05936
 48   .06673 .06527 .06385
 49   .07168 .07013 .06864

 50   .07698 .07535 .07378
 51   .08262 .08091 .07926
 52   .08860 .08680 .08506
 53   .09491 .09302 .09120
 54   .10156 .09958 .09767

 55   .10859 .10652 .10451
 56   .11599 .11383 .11174
 57   .12380 .12154 .11936
 58   .13197 .12962 .12734
 59   .14046 .13801 .13564

 60   .14927 .14673 .14426
 61   .15844 .15580 .15324
 62   .16803 .16530 .16264
 63   .17809 .17525 .17250
 64   .18859 .18566 .18281

 65   .19955 .19652 .19358
 66   .21102 .20791 .20487
 67   .22311 .21990 .21678
 68   .23579 .23250 .22929
 69   .24905 .24567 .24237
 70   .26279 .25934 .25596

 71   .27696 .27343 .26998
 72   .29150 .28790 .28438
 73   .30638 .30271 .29913
 74   .32168 .31795 .31430

 75   .33750 .33372 .33001
 76   .35394 .35011 .34636
 77   .37103 .36716 .36337
 78   .38874 .38485 .38103
 79   .40698 .40308 .39924

 80   .42556 .42164 .41779
 81   .44429 .44038 .43653
 82   .46307 .45916 .45532
 83   .48187 .47799 .47416
 84   .50086 .49701 .49321

 85   .52019 .51638 .51262
 86   .53966 .53591 .53220
 87   .55895 .55526 .55161
 88   .57802 .57439 .57081
 89   .59685 .59330 .58979

 90   .61540 .61194 .60851
 91   .63330 .62993 .62659
 92   .65010 .64682 .64357
 93   .66578 .66258 .65942
 94   .68055 .67744 .67437

 95   .69476 .69174 .68875
 96   .70828 .70534 .70244
 97   .72089 .71804 .71522
 98   .73282 .73006 .72732
 99   .74459 .74191 .73926

100   .75616 .75357 .75099
101   .76768 .76517 .76268
102   .77908 .77666 .77426
103   .79046 .78813 .78582
104   .80276 .80054 .79832

105   .81474 .81260 .81049
106   .83057 .82857 .82659
107   .85017 .84835 .84655
108   .88216 .88068 .87922
109   .94014 .93937 .93860
_____________________________________________________________________

(f) Effective dates. This section applies after April 30, 1999.

Par. 6. Immediately following section 1.643(d)-2, the undesignated centerheading is revised to read as follows:

Pooled Income Fund Actuarial Tables
Applicable Before May 1, 1999

Par. 7. Section 1.642(c)-6A is amended by:

1. Revising the section heading.

2. Amending newly designated paragraph (e) as follows:

a. Paragraph (e) heading is revised.

b. Paragraph (e)(1), first sentence is revised.

c. Paragraph (e)(2)(ii) is revised.

d. Paragraph (e)(3) is revised.

e. Paragraph (e)(4) is revised.

f. Paragraph (e)(5) introductory text is revised.

g. Paragraph (e)(5), the heading for Table S is revised.

The revisions read as follows:

Section 1.642(c)-6A Valuation of charitable remainder interests for
which the valuation date is before May 1, 1999.

* * * * *

(e) Present value of the remainder interest in the case of transfers to pooled income funds for which the valuation date is after April 30, 1989, and before May 1, 1999--(1) In general. In the case of transfers to pooled income funds for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a remainder interest is determined under this section. * * *

(2) * * *

(ii) Discount at a rate of interest, compounded annually, equal to the highest yearly rate of return of the pooled income fund for the 3 taxable years immediately preceding its taxable year in which the transfer of property to the fund is made. The provisions of section 1.642(c)-6(c) apply for determining the yearly rate of return. However, where the taxable year is less than 12 months, the provisions of section 1.642(c)-6T(e)(3)(ii) apply for the determining the yearly rate of return.

(3) Pooled income funds in existence less than 3 taxable years. The provisions of section 1.642(c)-6T(e)(4) apply for determining the highest yearly rate of return when the pooled income fund has been in existence less than three taxable years.

(4) Computation of value of remainder interest. The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (e)(5) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based. Table S in paragraph (e)(5) of this section includes factors for yearly rates of return from 4.2 to 14 percent. Many actuarial factors not contained in Table S in paragraph (e)(5) of this section are contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Values, Alpha Volume," (8-89). Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained by a written request to: CC:DOM:CORP:R (IRS Publication 1457), room 5226,Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. For other situations, see section 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. For an example of a computation of the present value of a remainder interest requiring a linear interpolation adjustment, see section 1.642(c)-6T(e)(5).

(5) Actuarial tables. In the case of transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following tables:

 TABLE S.--BASED ON LIFE TABLE 80CNSMT SINGLE LIFE REMAINDER FACTORS
      [Applicable After April 30, 1989, and Before May 1, 1999]

* * * * *

Par. 8. Section 1.664-4 is amended as follows:

1. Paragraph (a)(1) is revised.

2. Paragraph (d) is removed.

3. Paragraphs (e) heading, (e)(1) through (e)(5), and (e)(6) heading, introductory text , and Table U(1) are redesignated as section 1.664-4A(e) heading, (e)(1) through (e)(5) and (e)(6) heading, introductory text, and Table U(1), respectively.

4. New paragraphs (d) through (e)(5) are added.

5. New paragraph heading and introductory text are added to remaining paragraph (e)(6) preceding Table D.

6. Paragraph (f) is revised.

The additions and revision read as follows:

Section 1.664-4 Calculation of the fair market value of the remainder
interest in a charitable remainder unitrust.

(a) * * *

(1) [Reserved]. For further guidance, see section 1.664- 4T(a)(1).

* * * * *

(d) through (e)(5) [Reserved]. For further guidance, see section 1.664-4T(d) through (e)(5).

(6) Actuarial Table D and F (4.2 through 14.0) for transfers for which the valuation date is after April 30, 1989. For transfers for which the valuation date is after April 30, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the section 7520 rate and the tables in this paragraph (e)(6). For transfers for which the valuation date is after April 30, 1999, where the present value of a charitable remainder unitrust interest is dependent on the termination of a life interest , see section 1.664-4T(e)(7). See, however, section 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402.

* * * * *

(f) Effective dates. This section applies after April 30, 1989, and before May 1, 1999.

Par. 9 Section 1.664-4T is added to read as follows:

Section 1.664-4T Calculation of the fair market value of the
remainder interest in a charitable remainder unitrust (temporary).

(a) [Reserved] For further guidance, see section 1.664-4(a).

(1) Life contingencies determined as to each life involved, from the values of lx set forth in Table 90CM contained in section 20.2031-7T(d)(7) of this chapter (Estate Tax Regulations) in the case of transfers for which the valuation date is after

April 30, 1999; or from Table 80CNSMT contained section 20.2031- 7A(e)(4) of this chapter in the case of transfer for which the valuation date is after April 30, 1989, and before May 1, 1999. See section 20.2031-7A(a) through (d) of this chapter, whichever is applicable, for transfers for which the valuation date is before May 1, 1989;

(a)(2) through (c) [Reserved] For further guidance, see section 1,664-4(a)(2) through (c).

(d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in section 1.664-3) for transfers for which the valuation date is after April 30, 1999, is its present value determined under paragraph (e) of this section. The fair market value of a remainder interest in a charitable remainder unitrust (as described in section 1.664-3) for transfers for which the valuation date is before May 1, 1999, is its present value determined under the following sections:

         Valuation Dates                 Applicable
      After          Before             Regulations
      _____          ______             ___________

        *           01-01-52            1.664-4A(a)
     12-31-51       01-01-71            1.664-4A(b)
     12-31-70       12-01-83            1.664-4A(c)
     11-30-83       05-01-89            1.664-4A(d)
     04-30-89       05-01-99            1.664-4A(e)
_____________________________________________________________________

(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is after April 30, 1999--(1) In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1999, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(6) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under section 1.664- 3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, section 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).

(2) Transitional rules for valuation of charitable remainder unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died after April 30, 1999, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency after April 30, 1999, the present value of a remainder interest under this section is determined as if the valuation date with respect to the decedent's gross estate is either before May 1, 1999, or after April 30, 1999, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is after April 30, 1999, and before July 1, 1999, the present value of a remainder interest based on one or more measuring lives is determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (See section 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or section 1.664-4A(e)(6), at the option of the donor or the decedent's executor, as the case may be.

(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(7) of this section or section 1.664-4A(e)(6), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(3) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1989, the adjusted payout rate is determined by using the appropriate Table F in section 1.664-4(e)(6), for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see section 1.664- 4(e)(6). If the interest rate is below 4.2 percent or greater than 14 percent, see section 1.664-4(b). The adjusted payout rate is determined by multiplying the fixed percentage described in section 1.664-3(a)(1)(i)(a) by the factor describing the payout sequence of the trust and the number of months by which the valuation date for the first full taxable year of the trust precedes the first payout date for such taxable year. If the governing instrument does not prescribe when the distribution or distributions shall be made during the taxable year of the trust, see section 1.664-4(a). In the case of a trust having a payout sequence for which no figures have been provided by the appropriate table, and in the case of a trust that determines the fair market value of the trust assets by taking the average of valuations on more than one date during the taxable year, see section 1.664-4(b).

(4) Period is a term of years. If the period described in section 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after November 30, 1983, is the factor under the appropriate adjusted payout rate in Table D of section 1.664-4(e)(6) corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. For purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor. However, if an election is made under section 7520 and section 1.7520-2(b) to compute the present value of the charitable interest by use of the interest rate component for either of the 2 months preceding the month in which the date of transfer falls, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. In the case of a testamentary transfer under section 2055, 2106, or 2624, the valuation date is the date of death, unless the alternate valuation date is elected under section 2032, in which event, and within the limitations set forth in section 2032 and the regulations thereunder, the valuation date is the alternate valuation date. If the decedent's estate elects the alternate valuation date under section 2032 and also elects, under section 7520 and section 1.7520-2(b), to use the interest rate component for one of the 2 months preceding the alternate valuation date, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. The application of this paragraph (e)(4) may be illustrated by the following example:

Example. D transfers $100,000 to a charitable remainder unitrust on January 1. The trust instrument requires that the trust pay 8 percent of the fair market value of the trust assets as of January 1st for a term of 12 years to D in quarterly payments (March 31, June 30, September 30, and December 31). The section 7520 rate for January (the month that the transfer occurred) is 9.6 percent. Under Table F(9.6) in section 1.664-4(e)(6), the appropriate adjustment factor is .944628 for quarterly payments payable at the end of each quarter. The adjusted payout rate is 7.557 (8% X .944628). Based on the remainder factors in Table D in section 1.664-4(e)(6), the present value of the remainder interest is $38,950.30, computed as follows:

     Factor at 7.4 percent for 12 years .........   .397495
     Factor at 7.6 percent for 12 years .........   .387314
     Difference .................................   .010181

     Interpolation adjustment:
               7.557% - 7.4%    =      x
               _____________        _______
                    0.2%            .010181
                            x   =   .007992

     Factor at 7.4 percent for 12 years .........   .397495
     Less: Interpolation adjustment .............   .007992
     Interpolated factor ........................   .389503

     Present value of remainder interest:
                  ($100,000  X  .389503) ........ $38,950.30

(5) Period is the life of one individual. If the period described in section 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1999, is the factor in Table U(1) in paragraph (e)(7) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph, the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in paragraph (e)(4) of this section) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is between 4.2 and 14 percent, see paragraph (e)(7) of this section. If the adjusted payout rate is below 4.2 percent or greater than 14 percent, see section 1.664-4(b). The application of this paragraph (e)(5) may be illustrated by the following example:

Example. A, who is 44 years and 11 months old, transfers $100,000 to a charitable remainder unitrust on January 1st. The trust instrument requires that the trust pay to A semiannually (on June 30 and December 31) 9 percent of the fair market value of the trust assets as of January 1st during A's life. The section 7520 rate for January is 9.6 percent. Under Table F(9.6) in section 1.664-4(e)(6), the appropriate adjustment factor is .933805 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 8.404 (9% X .933805). Based on the remainder factors in Table U(1) in this section, the present value of the remainder interest is $10,109.00, computed as follows:

     Factor at 8.4 percent at age 45 ...........   .10117
     Factor at 8.6 percent at age 45 ...........   .09715
     Difference ................................   .00402

     Interpolation adjustment:

          8.404% - 8.4%   =       x
          _____________        ______
               0.2%            .00402
                        x   =  .00008

 

     Factor at 8.4 percent at age 45 ..........    .10117
     Less: Interpolation adjustment ...........    .00008
     Interpolated Factor ......................    .10109

     Present value of remainder interest:
          ($100,000  X  .10109) ...............   $10,109.00

(6) [Reserved].

(7) Actuarial Table U(1) for transfers for which the valuation date is after April 30, 1999. For transfers for which the valuation date is after April 30, 1999, the present value of a charitable remainder unitrust interest that is dependent on a term of years or the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (e)(7), and Table D and Table F(4.2) through (14.0) in section 1.664- 4(e)(6). See, however, section 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402.

                             TABLE U(1)
                      BASED ON LIFE TABLE 90CM
               UNITRUST SINGLE LIFE REMAINDER FACTORS
            APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999

                        ADJUSTED PAYOUT RATE

=====================================================================
AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%
=====================================================================
  0   .06177 .05580 .05061 .04609 .04215 .03871 .03570
  1   .05543 .04925 .04388 .03919 .03509 .03151 .02838
  2   .05716 .05081 .04528 .04045 .03622 .03252 .02927
  3   .05920 .05268 .04699 .04201 .03765 .03382 .03046
  4   .06143 .05475 .04889 .04376 .03926 .03530 .03182

 

  5   .06384 .05697 .05095 .04567 .04103 .03694 .03334
  6   .06637 .05933 .05315 .04771 .04292 .03870 .03497
  7   .06905 .06183 .05547 .04987 .04494 .04058 .03673
  8   .07186 .06445 .05792 .05216 .04708 .04258 .03859
  9   .07482 .06722 .06052 .05460 .04936 .04471 .04060

 

 10   .07793 .07015 .06327 .05718 .05179 .04700 .04274
 11   .08120 .07323 .06617 .05991 .05435 .04942 .04502
 12   .08461 .07645 .06920 .06277 .05706 .05197 .04744
 13   .08812 .07976 .07234 .06574 .05985 .05461 .04993
 14   .09168 .08313 .07552 .06874 .06269 .05729 .05247

 

 15   .09527 .08652 .07872 .07176 .06554 .05999 .05501
 16   .09886 .08991 .08192 .07478 .06839 .06267 .05754
 17   .10249 .09334 .08515 .07782 .07126 .06537 .06008
 18   .10616 .09680 .08842 .08090 .07415 .06809 .06264
 19   .10994 .10037 .09178 .08407 .07714 .07091 .06529

 

 20   .11384 .10406 .09527 .08737 .08025 .07383 .06805
 21   .11790 .10790 .09891 .09080 .08349 .07690 .07094
 22   .12208 .11188 .10267 .09436 .08686 .08008 .07395
 23   .12643 .11601 .10659 .09808 .09038 .08342 .07710
 24   .13095 .12031 .11069 .10197 .09408 .08692 .08042

 

 25   .13567 .12481 .11497 .10605 .09795 .09060 .08392
 26   .14058 .12950 .11945 .11032 .10202 .09447 .08760
 27   .14571 .13442 .12415 .11481 .10631 .09856 .09149
 28   .15104 .13953 .12904 .11949 .11078 .10284 .09558
 29   .15656 .14484 .13414 .12438 .11546 .10731 .09986

 

 30   .16229 .15034 .13943 .12946 .12034 .11198 .10433
 31   .16821 .15605 .14493 .13474 .12541 .11685 .10900
 32   .17433 .16196 .15063 .14023 .13069 .12193 .11387
 33   .18068 .16810 .15655 .14595 .13620 .12723 .11897
 34   .18724 .17446 .16270 .15189 .14193 .13275 .12430

 

 35   .19405 .18107 .16910 .15808 .14791 .13853 .12987
 36   .20109 .18791 .17574 .16451 .15414 .14456 .13569
 37   .20838 .19500 .18263 .17120 .16062 .15083 .14177
 38   .21593 .20236 .18979 .17816 .16739 .15739 .14813
 39   .22374 .20998 .19723 .18540 .17443 .16423 .15477

 

 40   .23183 .21789 .20496 .19294 .18177 .17138 .16172
 41   .24021 .22611 .21299 .20079 .18943 .17885 .16899
 42   .24889 .23463 .22134 .20896 .19741 .18665 .17660
 43   .25786 .24344 .23000 .21744 .20572 .19477 .18453
 44   .26712 .25257 .23896 .22625 .21435 .20322 .19281

 

 45   .27665 .26196 .24821 .23534 .22328 .21198 .20139
 46   .28644 .27163 .25774 .24472 .23251 .22105 .21028
 47   .29647 .28155 .26754 .25438 .24201 .23040 .21947
 48   .30676 .29173 .27760 .26431 .25181 .24004 .22896
 49   .31729 .30217 .28794 .27453 .26190 .24999 .23876

 

 50   .32808 .31289 .29856 .28505 .27229 .26026 .24889
 51   .33912 .32387 .30946 .29585 .28299 .27083 .25933
 52   .35038 .33507 .32060 .30691 .29395 .28168 .27005
 53   .36185 .34651 .33198 .31821 .30517 .29280 .28106
 54   .37352 .35815 .34358 .32976 .31664 .30418 .29234

 

 55   .38539 .37002 .35542 .34155 .32836 .31583 .30390
 56   .39746 .38209 .36748 .35358 .34034 .32774 .31574
 57   .40971 .39437 .37976 .36584 .35257 .33992 .32785
 58   .42212 .40682 .39222 .37829 .36500 .35231 .34019
 59   .43464 .41939 .40482 .39090 .37759 .36488 .35272

 

 60   .44726 .43207 .41754 .40364 .39034 .37761 .36542
 61   .45999 .44488 .43041 .41655 .40326 .39053 .37833
 62   .47286 .45785 .44345 .42964 .41639 .40367 .39146
 63   .48589 .47098 .45667 .44293 .42972 .41703 .40484
 64   .49903 .48426 .47005 .45638 .44324 .43060 .41843

 

 65   .51229 .49766 .48357 .47001 .45694 .44435 .43223
 66   .52568 .51121 .49726 .48381 .47084 .45833 .44626
 67   .53924 .52495 .51115 .49784 .48498 .47256 .46056
 68   .55293 .53883 .52521 .51205 .49932 .48701 .47511
 69   .56671 .55283 .53940 .52640 .51382 .50165 .48985
 70   .58052 .56687 .55365 .54084 .52843 .51639 .50473

 

 71   .59431 .58091 .56791 .55529 .54306 .53118 .51966
 72   .60804 .59490 .58213 .56973 .55768 .54598 .53461
 73   .62168 .60881 .59629 .58411 .57227 .56076 .54955
 74   .63528 .62268 .61042 .59848 .58686 .57555 .56453

 

 75   .64887 .63657 .62458 .61290 .60151 .59041 .57959
 76   .66249 .65049 .63880 .62739 .61625 .60538 .59478
 77   .67612 .66446 .65307 .64194 .63108 .62046 .61009
 78   .68975 .67843 .66736 .65654 .64596 .63561 .62548
 79   .70330 .69233 .68160 .67109 .66081 .65074 .64088

 

 80   .71666 .70605 .69566 .68548 .67550 .66573 .65615
 81   .72975 .71950 .70946 .69961 .68995 .68047 .67117
 82   .74250 .73263 .72293 .71342 .70407 .69490 .68589
 83   .75493 .74542 .73608 .72690 .71788 .70902 .70031
 84   .76712 .75798 .74900 .74016 .73147 .72292 .71451

 

 85   .77913 .77037 .76175 .75326 .74491 .73668 .72859
 86   .79086 .78248 .77423 .76610 .75808 .75019 .74241
 87   .80218 .79418 .78628 .77850 .77083 .76326 .75580
 88   .81307 .80544 .79790 .79047 .78313 .77589 .76874
 89   .82355 .81628 .80909 .80200 .79500 .78808 .78125

 

 90   .83360 .82668 .81985 .81309 .80642 .79982 .79330
 91   .84308 .83650 .83000 .82357 .81721 .81092 .80470
 92   .85182 .84556 .83937 .83325 .82718 .82119 .81525
 93   .85985 .85390 .84800 .84215 .83637 .83064 .82497
 94   .86732 .86164 .85601 .85044 .84491 .83944 .83402

 

 95   .87437 .86895 .86359 .85827 .85300 .84778 .84260
 96   .88097 .87582 .87070 .86563 .86060 .85561 .85066
 97   .88708 .88216 .87727 .87243 .86762 .86285 .85811
 98   .89280 .88810 .88343 .87880 .87420 .86964 .86511
 99   .89836 .89388 .88943 .88501 .88062 .87626 .87193

 

100   .90375 .89948 .89525 .89103 .88685 .88269 .87856
101   .90905 .90500 .90097 .89696 .89298 .88902 .88509
102   .91424 .91040 .90658 .90278 .89900 .89524 .89150
103   .91939 .91575 .91214 .90854 .90496 .90139 .89785
104   .92485 .92144 .91805 .91467 .91131 .90796 .90463

 

105   .93020 .92701 .92383 .92067 .91751 .91437 .91125
106   .93701 .93411 .93122 .92834 .92546 .92260 .91974
107   .94522 .94268 .94013 .93760 .93507 .93254 .93002
108   .95782 .95583 .95385 .95187 .94989 .94791 .94593
109   .97900 .97800 .97700 .97600 .97500 .97400 .97300
_____________________________________________________________________

 

                          [table continued]

 

                        ADJUSTED PAYOUT RATE

 

=====================================================================
AGE     5.6%   5.8%   6.0%
=====================================================================
  0   .03307 .03075 .02872
  1   .02563 .02321 .02109
  2   .02642 .02391 .02170
  3   .02750 .02490 .02260
  4   .02876 .02605 .02366

 

  5   .03016 .02735 .02487
  6   .03168 .02876 .02618
  7   .03332 .03029 .02761
  8   .03506 .03192 .02914
  9   .03694 .03369 .03079

 

 10   .03896 .03559 .03259
 11   .04111 .03762 .03450
 12   .04339 .03978 .03655
 13   .04576 .04202 .03867
 14   .04815 .04428 .04081

 

 15   .05055 .04655 .04296
 16   .05294 .04880 .04508
 17   .05533 .05105 .04720
 18   .05774 .05332 .04933
 19   .06023 .05566 .05153

 

 20   .06283 .05811 .05384
 21   .06555 .06068 .05626
 22   .06839 .06336 .05879
 23   .07138 .06618 .06146
 24   .07452 .06915 .06427

 

 25   .07784 .07230 .06726
 26   .08134 .07563 .07042
 27   .08505 .07916 .07379
 28   .08895 .08288 .07733
 29   .09304 .08679 .08106

 

 30   .09732 .09089 .08498
 31   .10179 .09517 .08909
 32   .10647 .09966 .09339
 33   .11137 .10437 .09791
 34   .11650 .10930 .10265

 

 35   .12187 .11448 .10764
 36   .12749 .11990 .11287
 37   .13337 .12558 .11835
 38   .13953 .13154 .12412
 39   .14597 .13779 .13017

 

 40   .15272 .14434 .13653
 41   .15980 .15123 .14322
 42   .16721 .15845 .15025
 43   .17496 .16601 .15762
 44   .18305 .17391 .16534

 

 45   .19145 .18213 .17338
 46   .20018 .19068 .18174
 47   .20919 .19952 .19041
 48   .21852 .20868 .19941
 49   .22817 .21817 .20873

 

 50   .23814 .22799 .21839
 51   .24845 .23815 .22840
 52   .25904 .24861 .23872
 53   .26993 .25937 .24934
 54   .28110 .27042 .26026

 

 55   .29256 .28177 .27149
 56   .30431 .29342 .28303
 57   .31634 .30536 .29488
 58   .32862 .31756 .30699
 59   .34109 .32996 .31932

 

 60   .35375 .34257 .33186
 61   .36662 .35540 .34463
 62   .37974 .36848 .35767
 63   .39311 .38184 .37100
 64   .40671 .39544 .38458

 

 65   .42054 .40927 .39841
 66   .43461 .42337 .41252
 67   .44898 .43778 .42696
 68   .46360 .45246 .44169
 69   .47844 .46738 .45666
 70   .49342 .48245 .47181

 

 71   .50847 .49761 .48707
 72   .52357 .51283 .50239
 73   .53866 .52806 .51774
 74   .55380 .54335 .53316

 

 75   .56904 .55875 .54872
 76   .58443 .57432 .56446
 77   .59995 .59005 .58037
 78   .61558 .60590 .59643
 79   .63123 .62178 .61253

 

 80   .64676 .63755 .62853
 81   .66205 .65310 .64433
 82   .67705 .66837 .65984
 83   .69175 .68333 .67506
 84   .70624 .69810 .69010

 

 85   .72061 .71276 .70503
 86   .73474 .72719 .71974
 87   .74844 .74118 .73402
 88   .76169 .75473 .74786
 89   .77450 .76783 .76125

 

 90   .78685 .78048 .77418
 91   .79855 .79246 .78645
 92   .80937 .80356 .79780
 93   .81936 .81379 .80829
 94   .82865 .82333 .81806

 

 95   .83746 .83237 .82733
 96   .84575 .84088 .83605
 97   .85341 .84875 .84413
 98   .86061 .85614 .85171
 99   .86763 .86336 .85911

 

100   .87445 .87037 .86632
101   .88118 .87729 .87342
102   .88778 .88408 .88040
103   .89432 .89081 .88732
104   .90131 .89800 .89471

 

105   .90813 .90502 .90193
106   .91689 .91405 .91122
107   .92750 .92499 .92249
108   .94396 .94199 .94002
109   .97200 .97100 .97000
_____________________________________________________________________

 

                        ADJUSTED PAYOUT RATE

 

=====================================================================
AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%
=====================================================================
  0   .02693 .02534 .02395 .02271 .02161 .02063 .01976
  1   .01922 .01756 .01610 .01480 .01365 .01263 .01171
  2   .01975 .01802 .01650 .01514 .01393 .01286 .01190
  3   .02056 .01876 .01717 .01575 .01449 .01336 .01235
  4   .02155 .01967 .01800 .01652 .01520 .01401 .01296

 

  5   .02266 .02071 .01896 .01741 .01603 .01479 .01368
  6   .02389 .02184 .02003 .01841 .01696 .01566 .01450
  7   .02522 .02309 .02120 .01950 .01799 .01663 .01540
  8   .02665 .02444 .02246 .02069 .01910 .01768 .01640
  9   .02821 .02590 .02384 .02199 .02033 .01884 .01750

 

 10   .02990 .02750 .02535 .02342 .02169 .02013 .01872
 11   .03172 .02922 .02698 .02497 .02316 .02153 .02006
 12   .03365 .03106 .02872 .02663 .02474 .02303 .02149
 13   .03566 .03297 .03054 .02835 .02638 .02460 .02299
 14   .03770 .03490 .03237 .03010 .02804 .02619 .02450

 

 15   .03973 .03682 .03419 .03182 .02968 .02775 .02599
 16   .04173 .03871 .03598 .03352 .03129 .02926 .02743
 17   .04372 .04059 .03775 .03519 .03287 .03076 .02884
 18   .04573 .04248 .03953 .03686 .03444 .03224 .03024
 19   .04780 .04443 .04137 .03859 .03607 .03378 .03169

 

 20   .04997 .04647 .04329 .04040 .03778 .03539 .03321
 21   .05226 .04862 .04532 .04232 .03958 .03709 .03481
 22   .05465 .05088 .04745 .04432 .04148 .03888 .03650
 23   .05716 .05325 .04969 .04645 .04348 .04077 .03830
 24   .05983 .05578 .05208 .04871 .04562 .04280 .04021

 

 25   .06266 .05846 .05463 .05112 .04791 .04497 .04227
 26   .06566 .06131 .05734 .05369 .05035 .04729 .04448
 27   .06887 .06436 .06024 .05646 .05298 .04979 .04686
 28   .07225 .06758 .06331 .05938 .05577 .05245 .04940
 29   .07581 .07099 .06656 .06248 .05873 .05528 .05210

 

 30   .07956 .07457 .06998 .06575 .06186 .05827 .05495
 31   .08348 .07833 .07358 .06920 .06515 .06142 .05797
 32   .08761 .08228 .07736 .07282 .06863 .06475 .06116
 33   .09195 .08645 .08136 .07666 .07231 .06828 .06454
 34   .09651 .09082 .08557 .08070 .07619 .07200 .06812

 

 35   .10131 .09545 .09002 .08498 .08030 .07596 .07193
 36   .10635 .10031 .09470 .08949 .08465 .08015 .07596
 37   .11165 .10542 .09963 .09424 .08923 .08457 .08022
 38   .11722 .11081 .10484 .09927 .09409 .08926 .08475
 39   .12308 .11648 .11032 .10458 .09922 .09422 .08955

 

 40   .12925 .12246 .11612 .11020 .10466 .09949 .09465
 41   .13575 .12877 .12225 .11614 .11043 .10508 .10007
 42   .14259 .13542 .12871 .12243 .11654 .11101 .10583
 43   .14977 .14242 .13552 .12905 .12298 .11729 .11193
 44   .15731 .14976 .14269 .13604 .12979 .12391 .11838

 

 45   .16516 .15743 .15017 .14334 .13691 .13086 .12516
 46   .17334 .16544 .15800 .15099 .14438 .13816 .13228
 47   .18184 .17375 .16613 .15895 .15217 .14576 .13972
 48   .19066 .18240 .17461 .16724 .16029 .15371 .14749
 49   .19981 .19138 .18342 .17588 .16875 .16201 .15562

 

 50   .20931 .20072 .19259 .18489 .17759 .17067 .16412
 51   .21917 .21042 .20212 .19426 .18679 .17971 .17299
 52   .22933 .22043 .21198 .20395 .19633 .18909 .18220
 53   .23981 .23076 .22216 .21399 .20621 .19881 .19176
 54   .25060 .24141 .23267 .22434 .21642 .20886 .20166

 

 55   .26171 .25239 .24351 .23504 .22697 .21927 .21192
 56   .27313 .26369 .25468 .24608 .23787 .23003 .22254
 57   .28487 .27531 .26618 .25746 .24912 .24114 .23351
 58   .29688 .28722 .27798 .26914 .26067 .25257 .24481
 59   .30913 .29937 .29002 .28107 .27249 .26427 .25639

 

 60   .32159 .31175 .30231 .29325 .28457 .27623 .26823
 61   .33429 .32437 .31485 .30571 .29692 .28848 .28037
 62   .34728 .33730 .32770 .31847 .30960 .30106 .29285
 63   .36057 .35053 .34087 .33157 .32262 .31400 .30569
 64   .37412 .36404 .35433 .34498 .33596 .32726 .31887

 

 65   .38794 .37783 .36809 .35868 .34961 .34085 .33239
 66   .40205 .39193 .38216 .37272 .36361 .35479 .34628
 67   .41650 .40639 .39661 .38715 .37800 .36915 .36059
 68   .43126 .42117 .41139 .40193 .39277 .38390 .37530
 69   .44628 .43622 .42648 .41703 .40787 .39898 .39037
 70   .46150 .45149 .44178 .43236 .42321 .41433 .40571

 

 71   .47683 .46689 .45723 .44785 .43873 .42987 .42126
 72   .49225 .48238 .47279 .46346 .45439 .44556 .43697
 73   .50770 .49793 .48841 .47915 .47013 .46135 .45280
 74   .52324 .51358 .50416 .49498 .48603 .47731 .46880

 

 75   .53894 .52939 .52008 .51100 .50214 .49349 .48505
 76   .55483 .54543 .53624 .52728 .51852 .50996 .50160
 77   .57091 .56167 .55263 .54380 .53516 .52671 .51845
 78   .58716 .57809 .56922 .56053 .55203 .54372 .53557
 79   .60346 .59459 .58590 .57738 .56904 .56086 .55286

 

 80   .61969 .61102 .60252 .59419 .58601 .57800 .57014
 81   .63571 .62726 .61897 .61082 .60283 .59499 .58729
 82   .65146 .64324 .63515 .62722 .61942 .61176 .60423
 83   .66693 .65893 .65108 .64335 .63575 .62828 .62093
 84   .68222 .67447 .66684 .65934 .65195 .64468 .63753

 

 85   .69742 .68993 .68255 .67528 .66812 .66106 .65411
 86   .71241 .70517 .69805 .69102 .68410 .67727 .67054
 87   .72696 .72000 .71313 .70635 .69967 .69307 .68656
 88   .74108 .73438 .72777 .72125 .71480 .70845 .70217
 89   .75475 .74832 .74198 .73571 .72951 .72339 .71734

 

 90   .76796 .76180 .75572 .74971 .74376 .73788 .73207
 91   .78049 .77460 .76878 .76302 .75732 .75168 .74610
 92   .79211 .78647 .78089 .77537 .76990 .76449 .75913
 93   .80283 .79743 .79208 .78679 .78154 .77634 .77119
 94   .81283 .80765 .80253 .79744 .79240 .78741 .78247

 

 95   .82233 .81737 .81245 .80757 .80274 .79795 .79320
 96   .83126 .82651 .82180 .81712 .81248 .80788 .80332
 97   .83953 .83498 .83046 .82597 .82152 .81710 .81271
 98   .84731 .84294 .83860 .83429 .83002 .82577 .82155
 99   .85490 .85071 .84656 .84243 .83832 .83425 .83020

 

100   .86229 .85828 .85431 .85035 .84642 .84252 .83864
101   .86958 .86575 .86195 .85818 .85442 .85069 .84698
102   .87674 .87310 .86947 .86587 .86229 .85873 .85518
103   .88384 .88038 .87694 .87351 .87010 .86671 .86334
104   .89143 .88817 .88492 .88169 .87847 .87526 .87207

 

105   .89885 .89578 .89272 .88967 .88664 .88361 .88060
106   .90840 .90559 .90278 .89999 .89720 .89442 .89165
107   .91999 .91750 .91501 .91253 .91005 .90758 .90511
108   .93805 .93609 .93412 .93216 .93020 .92824 .92629
109   .96900 .96800 .96700 .96600 .96500 .96400 .96300
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE     7.6%   7.8%   8.0%
=====================================================================
  0   .01898 .01828 .01765
  1   .01090 .01017 .00951
  2   .01104 .01028 .00959
  3   .01145 .01064 .00992
  4   .01201 .01116 .01039

 

  5   .01269 .01179 .01098
  6   .01345 .01251 .01166
  7   .01431 .01332 .01242
  8   .01524 .01420 .01326
  9   .01629 .01520 .01421

 

 10   .01745 .01631 .01526
 11   .01872 .01752 .01643
 12   .02010 .01884 .01769
 13   .02154 .02021 .01901
 14   .02298 .02159 .02033

 

 15   .02439 .02294 .02162
 16   .02576 .02424 .02286
 17   .02710 .02551 .02406
 18   .02842 .02676 .02524
 19   .02978 .02804 .02646

 

 20   .03122 .02940 .02773
 21   .03274 .03083 .02909
 22   .03433 .03234 .03052
 23   .03603 .03394 .03203
 24   .03784 .03566 .03367

 

 25   .03980 .03752 .03543
 26   .04189 .03951 .03732
 27   .04416 .04168 .03939
 28   .04658 .04398 .04159
 29   .04916 .04645 .04394

 

 30   .05189 .04906 .04644
 31   .05478 .05182 .04908
 32   .05783 .05475 .05189
 33   .06108 .05786 .05488
 34   .06452 .06117 .05805

 

 35   .06818 .06469 .06144
 36   .07206 .06842 .06503
 37   .07617 .07238 .06885
 38   .08054 .07661 .07293
 39   .08518 .08109 .07726

 

 40   .09011 .08587 .08189
 41   .09537 .09097 .08683
 42   .10097 .09640 .09210
 43   .10690 .10217 .09771
 44   .11318 .10828 .10367

 

 45   .11979 .11472 .10994
 46   .12674 .12150 .11656
 47   .13400 .12860 .12349
 48   .14161 .13604 .13077
 49   .14956 .14383 .13839

 

 50   .15790 .15199 .14639
 51   .16660 .16054 .15477
 52   .17566 .16943 .16350
 53   .18506 .17867 .17258
 54   .19480 .18826 .18201

 

 55   .20491 .19821 .19182
 56   .21538 .20854 .20199
 57   .22621 .21923 .21254
 58   .23738 .23025 .22343
 59   .24882 .24157 .23461

 

 60   .26055 .25317 .24608
 61   .27257 .26507 .25786
 62   .28495 .27734 .27001
 63   .29769 .28998 .28255
 64   .31078 .30298 .29545

 

 65   .32422 .31633 .30871
 66   .33804 .33008 .32238
 67   .35230 .34428 .33651
 68   .36697 .35890 .35108
 69   .38201 .37391 .36604
 70   .39735 .38922 .38132

 

 71   .41290 .40476 .39685
 72   .42862 .42048 .41257
 73   .44447 .43635 .42844
 74   .46051 .45242 .44454

 

 75   .47681 .46877 .46092
 76   .49344 .48546 .47766
 77   .51038 .50247 .49475
 78   .52760 .51980 .51216
 79   .54501 .53732 .52978

 

 80   .56243 .55487 .54745
 81   .57974 .57232 .56503
 82   .59683 .58957 .58242
 83   .61371 .60660 .59962
 84   .63049 .62356 .61674

 

 85   .64727 .64053 .63389
 86   .66390 .65736 .65091
 87   .68014 .67381 .66756
 88   .69597 .68985 .68380
 89   .71137 .70547 .69963

 

 90   .72633 .72065 .71503
 91   .74058 .73512 .72972
 92   .75383 .74858 .74338
 93   .76610 .76105 .75604
 94   .77756 .77270 .76789

 

 95   .78849 .78382 .77918
 96   .79880 .79431 .78985
 97   .80836 .80404 .79976
 98   .81737 .81321 .80908
 99   .82618 .82219 .81822

 

100   .83478 .83095 .82714
101   .84329 .83962 .83597
102   .85166 .84815 .84466
103   .85998 .85663 .85331
104   .86889 .86573 .86258

 

105   .87760 .87461 .87163
106   .88888 .88613 .88338
107   .90265 .90019 .89774
108   .92434 .92239 .92044
109   .96200 .96100 .96000
_____________________________________________________________________

                        ADJUSTED PAYOUT RATE

=====================================================================
AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%
=====================================================================
  0   .01709 .01658 .01612 .01570 .01532 .01497 .01466
  1   .00892 .00839 .00791 .00747 .00708 .00672 .00639
  2   .00896 .00840 .00790 .00744 .00702 .00664 .00629
  3   .00926 .00867 .00814 .00765 .00721 .00681 .00644
  4   .00970 .00908 .00851 .00800 .00753 .00711 .00672

 

  5   .01026 .00960 .00900 .00846 .00796 .00751 .00710
  6   .01089 .01019 .00956 .00899 .00846 .00799 .00755
  7   .01161 .01088 .01021 .00960 .00905 .00854 .00808
  8   .01241 .01163 .01093 .01029 .00970 .00917 .00867
  9   .01331 .01249 .01175 .01107 .01045 .00988 .00936

 

 10   .01432 .01346 .01268 .01196 .01131 .01071 .01016
 11   .01543 .01453 .01370 .01295 .01226 .01162 .01104
 12   .01664 .01569 .01482 .01403 .01330 .01263 .01202
 13   .01791 .01691 .01600 .01516 .01440 .01369 .01304
 14   .01918 .01813 .01717 .01629 .01548 .01474 .01406

 

 15   .02041 .01931 .01831 .01738 .01653 .01576 .01504
 16   .02160 .02044 .01938 .01841 .01752 .01670 .01595
 17   .02274 .02152 .02041 .01940 .01846 .01760 .01680
 18   .02386 .02258 .02142 .02035 .01936 .01846 .01762
 19   .02500 .02367 .02245 .02132 .02029 .01933 .01845

 

 20   .02621 .02481 .02353 .02235 .02126 .02025 .01933
 21   .02749 .02603 .02468 .02344 .02229 .02124 .02026
 22   .02884 .02730 .02589 .02458 .02338 .02227 .02124
 23   .03028 .02867 .02718 .02581 .02454 .02337 .02229
 24   .03183 .03013 .02857 .02713 .02580 .02456 .02342

 

 25   .03350 .03172 .03008 .02857 .02717 .02587 .02467
 26   .03530 .03344 .03172 .03013 .02865 .02729 .02602
 27   .03727 .03532 .03351 .03183 .03028 .02885 .02751
 28   .03937 .03732 .03543 .03367 .03204 .03052 .02911
 29   .04162 .03947 .03748 .03564 .03392 .03233 .03084

 

 30   .04401 .04176 .03967 .03773 .03593 .03425 .03269
 31   .04654 .04419 .04200 .03996 .03807 .03630 .03466
 32   .04923 .04676 .04447 .04233 .04034 .03849 .03676
 33   .05210 .04952 .04711 .04487 .04278 .04083 .03901
 34   .05515 .05245 .04993 .04758 .04538 .04333 .04142

 

 35   .05841 .05558 .05295 .05048 .04818 .04603 .04401
 36   .06187 .05892 .05616 .05358 .05116 .04890 .04678
 37   .06555 .06247 .05958 .05688 .05435 .05198 .04975
 38   .06949 .06627 .06325 .06043 .05777 .05528 .05295
 39   .07368 .07032 .06717 .06421 .06143 .05882 .05637

 

 40   .07816 .07465 .07137 .06827 .06537 .06263 .06006
 41   .08295 .07930 .07587 .07264 .06960 .06674 .06405
 42   .08807 .08427 .08069 .07733 .07415 .07116 .06833
 43   .09352 .08957 .08585 .08233 .07902 .07589 .07294
 44   .09932 .09521 .09134 .08768 .08423 .08096 .07787

 

 45   .10543 .10117 .09715 .09334 .08974 .08634 .08311
 46   .11189 .10747 .10329 .09933 .09559 .09204 .08867
 47   .11866 .11408 .10974 .10564 .10174 .09805 .09454
 48   .12577 .12103 .11654 .11228 .10823 .10439 .10074
 49   .13323 .12833 .12368 .11926 .11506 .11107 .10728

 

 50   .14107 .13601 .13120 .12663 .12228 .11813 .11419
 51   .14928 .14407 .13910 .13437 .12987 .12558 .12149
 52   .15785 .15248 .14735 .14247 .13781 .13337 .12913
 53   .16678 .16124 .15597 .15093 .14612 .14153 .13714
 54   .17606 .17037 .16493 .15974 .15478 .15004 .14550

 

 55   .18570 .17986 .17428 .16893 .16382 .15893 .15424
 56   .19573 .18974 .18400 .17851 .17325 .16821 .16338
 57   .20613 .20000 .19412 .18848 .18307 .17789 .17291
 58   .21688 .21060 .20458 .19880 .19325 .18792 .18280
 59   .22793 .22151 .21535 .20943 .20374 .19827 .19301

 

 60   .23927 .23272 .22642 .22036 .21454 .20893 .20354
 61   .25092 .24425 .23782 .23163 .22567 .21993 .21440
 62   .26295 .25616 .24961 .24329 .23721 .23134 .22568
 63   .27538 .26847 .26180 .25537 .24916 .24316 .23738
 64   .28817 .28116 .27438 .26783 .26150 .25539 .24949

 

 65   .30134 .29423 .28735 .28069 .27426 .26803 .26201
 66   .31493 .30772 .30075 .29399 .28746 .28113 .27500
 67   .32899 .32170 .31464 .30780 .30118 .29475 .28852
 68   .34349 .33614 .32901 .32209 .31538 .30887 .30256
 69   .35841 .35100 .34381 .33683 .33005 .32346 .31707
 70   .37366 .36620 .35896 .35193 .34509 .33844 .33197

 

 71   .38916 .38167 .37440 .36732 .36043 .35372 .34720
 72   .40486 .39736 .39006 .38295 .37602 .36927 .36270
 73   .42074 .41323 .40591 .39878 .39182 .38504 .37843
 74   .43685 .42934 .42202 .41488 .40791 .40110 .39446

 

 75   .45326 .44577 .43846 .43132 .42435 .41754 .41088
 76   .47004 .46259 .45530 .44818 .44122 .43442 .42776
 77   .48718 .47979 .47255 .46547 .45853 .45175 .44511
 78   .50467 .49735 .49017 .48314 .47626 .46951 .46290
 79   .52239 .51515 .50806 .50110 .49427 .48758 .48102

 

 80   .54018 .53304 .52603 .51916 .51242 .50580 .49930
 81   .55788 .55085 .54396 .53718 .53053 .52399 .51757
 82   .57540 .56851 .56173 .55506 .54851 .54207 .53574
 83   .59274 .58598 .57933 .57279 .56635 .56001 .55378
 84   .61002 .60341 .59690 .59049 .58418 .57796 .57184

 

 85   .62734 .62090 .61454 .60828 .60211 .59603 .59004
 86   .64455 .63828 .63210 .62600 .61999 .61406 .60821
 87   .66139 .65531 .64930 .64337 .63752 .63175 .62605
 88   .67783 .67194 .66612 .66037 .65469 .64908 .64354
 89   .69387 .68817 .68254 .67698 .67148 .66605 .66068

 

 90   .70947 .70398 .69855 .69318 .68786 .68261 .67742
 91   .72437 .71908 .71385 .70867 .70354 .69847 .69345
 92   .73823 .73314 .72810 .72310 .71816 .71326 .70841
 93   .75109 .74618 .74132 .73650 .73173 .72700 .72232
 94   .76312 .75839 .75370 .74905 .74445 .73988 .73536

 

 95   .77459 .77004 .76552 .76104 .75660 .75220 .74783
 96   .78543 .78105 .77670 .77238 .76810 .76386 .75964
 97   .79550 .79128 .78709 .78293 .77880 .77470 .77063
 98   .80498 .80091 .79687 .79286 .78888 .78492 .78099
 99   .81428 .81036 .80647 .80261 .79877 .79496 .79117

 

100   .82336 .81959 .81586 .81214 .80845 .80478 .80113
101   .83234 .82873 .82515 .82158 .81804 .81451 .81101
102   .84119 .83774 .83431 .83089 .82750 .82412 .82076
103   .84999 .84670 .84342 .84016 .83691 .83368 .83046
104   .85944 .85632 .85321 .85011 .84703 .84396 .84090

 

105   .86866 .86570 .86276 .85982 .85690 .85399 .85109
106   .88065 .87792 .87520 .87248 .86978 .86708 .86440
107   .89530 .89286 .89042 .88799 .88557 .88315 .88073
108   .91849 .91654 .91460 .91266 .91072 .90879 .90685
109   .95900 .95800 .95700 .95600 .95500 .95400 .95300
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE     9.6%   9.8%  10.0%
=====================================================================
  0   .01437 .01410 .01386
  1   .00609 .00582 .00557
  2   .00598 .00569 .00542
  3   .00611 .00580 .00552
  4   .00636 .00604 .00574

 

  5   .00672 .00637 .00606
  6   .00715 .00678 .00644
  7   .00765 .00726 .00690
  8   .00822 .00781 .00743
  9   .00889 .00845 .00804

 

 10   .00965 .00918 .00875
 11   .01051 .01001 .00956
 12   .01145 .01093 .01045
 13   .01245 .01190 .01139
 14   .01343 .01285 .01231

 

 15   .01437 .01376 .01320
 16   .01525 .01460 .01401
 17   .01607 .01539 .01476
 18   .01685 .01613 .01547
 19   .01764 .01689 .01619

 

 20   .01847 .01768 .01694
 21   .01936 .01852 .01774
 22   .02029 .01940 .01859
 23   .02128 .02035 .01949
 24   .02236 .02138 .02047

 

 25   .02355 .02251 .02155
 26   .02484 .02375 .02273
 27   .02627 .02511 .02404
 28   .02780 .02658 .02545
 29   .02946 .02818 .02698

 

 30   .03124 .02988 .02861
 31   .03312 .03169 .03035
 32   .03514 .03363 .03221
 33   .03731 .03571 .03422
 34   .03962 .03794 .03637

 

 35   .04212 .04035 .03869
 36   .04480 .04293 .04118
 37   .04766 .04570 .04385
 38   .05075 .04868 .04674
 39   .05406 .05189 .04984

 

 40   .05764 .05535 .05320
 41   .06150 .05910 .05683
 42   .06567 .06315 .06077
 43   .07014 .06750 .06500
 44   .07495 .07218 .06956

 

 45   .08005 .07716 .07441
 46   .08548 .08245 .07958
 47   .09121 .08805 .08504
 48   .09727 .09397 .09083
 49   .10366 .10022 .09695

 

 50   .11043 .10685 .10344
 51   .11758 .11386 .11031
 52   .12508 .12122 .11752
 53   .13294 .12893 .12509
 54   .14116 .13700 .13302

 

 55   .14976 .14546 .14134
 56   .15875 .15430 .15004
 57   .16814 .16355 .15914
 58   .17788 .17316 .16861
 59   .18795 .18309 .17840

 

 60   .19834 .19334 .18851
 61   .20907 .20393 .19898
 62   .22021 .21494 .20985
 63   .23179 .22639 .22117
 64   .24377 .23825 .23291

 

 65   .25618 .25054 .24508
 66   .26906 .26331 .25774
 67   .28248 .27663 .27095
 68   .29643 .29047 .28469
 69   .31085 .30481 .29894
 70   .32568 .31957 .31362

 

 71   .34084 .33466 .32864
 72   .35629 .35005 .34396
 73   .37198 .36568 .35955
 74   .38798 .38165 .37547

 

 75   .40438 .39802 .39181
 76   .42125 .41488 .40865
 77   .43861 .43225 .42601
 78   .45643 .45008 .44386
 79   .47459 .46828 .46209

 

 80   .49292 .48666 .48052
 81   .51126 .50507 .49898
 82   .52951 .52339 .51737
 83   .54765 .54161 .53567
 84   .56582 .55988 .55403

 

 85   .58414 .57832 .57258
 86   .60244 .59675 .59113
 87   .62043 .61488 .60939
 88   .63807 .63267 .62733
 89   .65537 .65012 .64493

 

 90   .67228 .66719 .66217
 91   .68848 .68357 .67870
 92   .70361 .69886 .69415
 93   .71768 .71308 .70852
 94   .73087 .72643 .72202

 

 95   .74350 .73920 .73494
 96   .75546 .75131 .74720
 97   .76659 .76258 .75860
 98   .77709 .77322 .76937
 99   .78741 .78367 .77995

 

100   .79751 .79390 .79032
101   .80753 .80406 .80062
102   .81742 .81409 .81078
103   .82726 .82408 .82091
104   .83786 .83483 .83182

 

105   .84820 .84532 .84245
106   .86172 .85905 .85638
107   .87833 .87592 .87352
108   .90492 .90299 .90106
109   .95200 .95100 .95000
_____________________________________________________________________

                        ADJUSTED PAYOUT RATE

=====================================================================
AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%
=====================================================================
  0   .01363 .01342 .01323 .01305 .01288 .01272 .01258
  1   .00534 .00512 .00493 .00474 .00458 .00442 .00427
  2   .00518 .00495 .00474 .00455 .00437 .00421 .00405
  3   .00526 .00502 .00480 .00459 .00440 .00422 .00406
  4   .00546 .00521 .00497 .00475 .00455 .00436 .00419

 

  5   .00576 .00549 .00524 .00501 .00479 .00459 .00440
  6   .00613 .00584 .00557 .00532 .00509 .00488 .00468
  7   .00657 .00626 .00598 .00571 .00547 .00524 .00502
  8   .00707 .00675 .00644 .00616 .00590 .00565 .00542
  9   .00766 .00732 .00699 .00669 .00641 .00615 .00591

 

 10   .00835 .00798 .00764 .00732 .00702 .00675 .00649
 11   .00913 .00874 .00838 .00804 .00772 .00743 .00715
 12   .01000 .00959 .00920 .00884 .00851 .00819 .00790
 13   .01091 .01048 .01007 .00969 .00933 .00900 .00869
 14   .01181 .01135 .01092 .01052 .01014 .00979 .00947

 

 15   .01267 .01218 .01173 .01130 .01091 .01054 .01019
 16   .01345 .01294 .01246 .01201 .01160 .01121 .01084
 17   .01418 .01364 .01313 .01266 .01222 .01181 .01143
 18   .01486 .01429 .01375 .01326 .01279 .01236 .01196
 19   .01554 .01494 .01438 .01385 .01336 .01291 .01248

 

 20   .01626 .01562 .01503 .01448 .01396 .01348 .01303
 21   .01702 .01635 .01573 .01514 .01460 .01409 .01361
 22   .01782 .01711 .01645 .01584 .01526 .01472 .01422
 23   .01868 .01793 .01724 .01658 .01597 .01540 .01487
 24   .01962 .01883 .01809 .01740 .01675 .01615 .01558

 

 25   .02065 .01981 .01903 .01830 .01762 .01698 .01638
 26   .02178 .02089 .02006 .01929 .01856 .01789 .01725
 27   .02303 .02209 .02122 .02040 .01963 .01891 .01824
 28   .02439 .02339 .02247 .02160 .02079 .02002 .01931
 29   .02585 .02480 .02382 .02290 .02204 .02123 .02047

 

 30   .02742 .02631 .02527 .02430 .02339 .02253 .02172
 31   .02910 .02793 .02683 .02579 .02482 .02391 .02306
 32   .03089 .02965 .02849 .02739 .02636 .02540 .02449
 33   .03282 .03151 .03028 .02912 .02803 .02701 .02604
 34   .03489 .03350 .03220 .03097 .02982 .02873 .02771

 

 35   .03713 .03567 .03429 .03299 .03177 .03061 .02953
 36   .03953 .03798 .03653 .03515 .03386 .03263 .03148
 37   .04211 .04048 .03894 .03748 .03611 .03481 .03359
 38   .04490 .04318 .04155 .04001 .03856 .03719 .03589
 39   .04791 .04609 .04437 .04274 .04120 .03975 .03837

 

 40   .05116 .04924 .04742 .04571 .04408 .04254 .04108
 41   .05469 .05267 .05075 .04894 .04722 .04559 .04405
 42   .05851 .05638 .05436 .05245 .05063 .04891 .04728
 43   .06263 .06039 .05827 .05625 .05433 .05252 .05079
 44   .06707 .06472 .06248 .06035 .05834 .05642 .05459

 

 45   .07180 .06933 .06698 .06474 .06262 .06059 .05867
 46   .07685 .07425 .07178 .06943 .06720 .06507 .06304
 47   .08218 .07946 .07687 .07440 .07205 .06981 .06768
 48   .08784 .08499 .08228 .07969 .07722 .07487 .07262
 49   .09382 .09085 .08801 .08530 .08271 .08024 .07788

 

 50   .10018 .09707 .09410 .09127 .08856 .08597 .08349
 51   .10691 .10367 .10057 .09761 .09477 .09206 .08946
 52   .11399 .11061 .10738 .10429 .10132 .09849 .09577
 53   .12142 .11791 .11454 .11132 .10823 .10526 .10242
 54   .12921 .12556 .12206 .11870 .11548 .11239 .10942

 

 55   .13738 .13359 .12995 .12646 .12311 .11989 .11679
 56   .14595 .14202 .13824 .13462 .13113 .12778 .12456
 57   .15491 .15084 .14693 .14317 .13955 .13607 .13272
 58   .16424 .16004 .15599 .15209 .14834 .14473 .14125
 59   .17390 .16955 .16537 .16134 .15746 .15371 .15010

 

 60   .18387 .17939 .17507 .17091 .16689 .16302 .15927
 61   .19420 .18958 .18513 .18084 .17669 .17268 .16881
 62   .20494 .20020 .19561 .19119 .18691 .18277 .17877
 63   .21613 .21126 .20654 .20199 .19758 .19331 .18918
 64   .22774 .22274 .21791 .21322 .20869 .20429 .20004

 

 65   .23979 .23467 .22971 .22490 .22025 .21573 .21135
 66   .25233 .24709 .24202 .23709 .23231 .22767 .22318
 67   .26543 .26009 .25489 .24985 .24496 .24021 .23560
 68   .27908 .27363 .26833 .26319 .25819 .25332 .24860
 69   .29324 .28769 .28230 .27705 .27195 .26699 .26216
 70   .30783 .30219 .29671 .29137 .28618 .28112 .27619

 

 71   .32277 .31706 .31150 .30608 .30079 .29564 .29063
 72   .33803 .33225 .32661 .32112 .31575 .31052 .30542
 73   .35356 .34772 .34201 .33645 .33101 .32571 .32053
 74   .36943 .36354 .35778 .35215 .34666 .34129 .33604

 

 75   .38574 .37980 .37400 .36833 .36278 .35735 .35205
 76   .40256 .39660 .39076 .38505 .37947 .37400 .36864
 77   .41991 .41394 .40808 .40235 .39674 .39124 .38585
 78   .43777 .43180 .42594 .42020 .41457 .40906 .40365
 79   .45602 .45007 .44422 .43849 .43287 .42735 .42193

 

 80   .47449 .46856 .46275 .45704 .45143 .44592 .44051
 81   .49300 .48712 .48134 .47566 .47008 .46460 .45921
 82   .51145 .50563 .49990 .49427 .48873 .48328 .47792
 83   .52983 .52407 .51841 .51284 .50735 .50195 .49663
 84   .54828 .54261 .53702 .53151 .52609 .52075 .51549

 

 85   .56693 .56135 .55586 .55044 .54510 .53983 .53464
 86   .58560 .58013 .57474 .56943 .56418 .55901 .55390
 87   .60398 .59864 .59337 .58817 .58303 .57795 .57294
 88   .62206 .61685 .61170 .60662 .60159 .59663 .59173
 89   .63980 .63474 .62972 .62477 .61987 .61503 .61024

 

 90   .65719 .65227 .64741 .64259 .63783 .63312 .62846
 91   .67388 .66912 .66440 .65973 .65511 .65053 .64600
 92   .68949 .68487 .68030 .67577 .67129 .66685 .66245
 93   .70401 .69954 .69511 .69072 .68637 .68205 .67778
 94   .71765 .71332 .70902 .70477 .70055 .69636 .69222

 

 95   .73072 .72653 .72237 .71825 .71416 .71010 .70608
 96   .74311 .73906 .73504 .73105 .72709 .72316 .71926
 97   .75465 .75073 .74684 .74297 .73914 .73533 .73155
 98   .76555 .76175 .75798 .75424 .75052 .74683 .74317
 99   .77626 .77260 .76895 .76534 .76174 .75817 .75462

 

100   .78676 .78323 .77971 .77622 .77274 .76929 .76586
101   .79719 .79379 .79040 .78703 .78368 .78035 .77704
102   .80749 .80422 .80096 .79772 .79450 .79130 .78811
103   .81775 .81461 .81149 .80838 .80529 .80221 .79914
104   .82881 .82582 .82284 .81988 .81693 .81399 .81106

 

105   .83959 .83674 .83391 .83108 .82826 .82546 .82267
106   .85373 .85108 .84844 .84581 .84319 .84058 .83797
107   .87113 .86875 .86636 .86399 .86161 .85925 .85689
108   .89913 .89721 .89529 .89337 .89145 .88953 .88762
109   .94900 .94800 .94700 .94600 .94500 .94400 .94300
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE    11.6%  11.8%  12.0%
=====================================================================
  0   .01244 .01231 .01219
  1   .00414 .00401 .00389
  2   .00391 .00377 .00365
  3   .00391 .00376 .00363
  4   .00402 .00387 .00373

 

  5   .00423 .00406 .00391
  6   .00449 .00432 .00415
  7   .00482 .00464 .00446
  8   .00521 .00501 .00482
  9   .00568 .00547 .00527

 

 10   .00624 .00602 .00580
 11   .00689 .00665 .00642
 12   .00762 .00737 .00712
 13   .00840 .00813 .00787
 14   .00916 .00887 .00860

 

 15   .00987 .00956 .00928
 16   .01050 .01018 .00988
 17   .01107 .01073 .01041
 18   .01158 .01122 .01088
 19   .01208 .01170 .01135

 

 20   .01260 .01220 .01183
 21   .01316 .01274 .01235
 22   .01374 .01330 .01288
 23   .01437 .01390 .01345
 24   .01505 .01455 .01408

 

 25   .01581 .01528 .01478
 26   .01665 .01609 .01556
 27   .01760 .01700 .01644
 28   .01863 .01800 .01740
 29   .01976 .01908 .01845

 

 30   .02096 .02025 .01957
 31   .02225 .02149 .02077
 32   .02363 .02282 .02206
 33   .02513 .02427 .02346
 34   .02674 .02583 .02497

 

 35   .02850 .02753 .02661
 36   .03039 .02936 .02838
 37   .03243 .03134 .03030
 38   .03466 .03350 .03239
 39   .03707 .03583 .03466

 

 40   .03970 .03839 .03714
 41   .04258 .04119 .03987
 42   .04573 .04425 .04285
 43   .04915 .04759 .04610
 44   .05286 .05121 .04963

 

 45   .05684 .05509 .05342
 46   .06110 .05926 .05750
 47   .06564 .06369 .06183
 48   .07047 .06842 .06646
 49   .07562 .07346 .07140

 

 50   .08112 .07885 .07667
 51   .08697 .08459 .08231
 52   .09316 .09066 .08826
 53   .09969 .09707 .09456
 54   .10657 .10383 .10120

 

 55   .11382 .11096 .10820
 56   .12146 .11847 .11560
 57   .12949 .12638 .12338
 58   .13789 .13465 .13153
 59   .14662 .14325 .14001

 

 60   .15566 .15217 .14880
 61   .16506 .16145 .15795
 62   .17490 .17115 .16753
 63   .18518 .18131 .17757
 64   .19592 .19192 .18805

 

 65   .20710 .20299 .19899
 66   .21881 .21457 .21045
 67   .23111 .22676 .22252
 68   .24400 .23954 .23519
 69   .25746 .25288 .24843
 70   .27139 .26672 .26216

 

 71   .28573 .28096 .27631
 72   .30044 .29559 .29084
 73   .31547 .31053 .30571
 74   .33091 .32590 .32100

 

 75   .34686 .34178 .33681
 76   .36340 .35827 .35324
 77   .38056 .37539 .37032
 78   .39834 .39314 .38803
 79   .41661 .41139 .40627

 

 80   .43519 .42997 .42484
 81   .45391 .44870 .44357
 82   .47265 .46746 .46235
 83   .49139 .48624 .48116
 84   .51030 .50519 .50015

 

 85   .52952 .52447 .51949
 86   .54886 .54389 .53898
 87   .56799 .56310 .55828
 88   .58688 .58209 .57736
 89   .60551 .60083 .59620

 

 90   .62385 .61928 .61477
 91   .64152 .63708 .63269
 92   .65809 .65378 .64950
 93   .67355 .66935 .66519
 94   .68810 .68403 .67998

 

 95   .70209 .69813 .69421
 96   .71539 .71155 .70774
 97   .72780 .72407 .72037
 98   .73953 .73591 .73232
 99   .75109 .74759 .74411

 

100   .76245 .75906 .75569
101   .77375 .77048 .76722
102   .78494 .78178 .77864
103   .79609 .79306 .79003
104   .80815 .80525 .80236

 

105   .81988 .81711 .81435
106   .83537 .83278 .83020
107   .85453 .85218 .84984
108   .88571 .88380 .88189
109   .94200 .94100 .94000
_____________________________________________________________________

                        ADJUSTED PAYOUT RATE

=====================================================================
AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%
=====================================================================
  0   .01208 .01197 .01187 .01177 .01168 .01159 .01151
  1   .00378 .00367 .00358 .00348 .00340 .00331 .00323
  2   .00353 .00342 .00331 .00322 .00312 .00304 .00295
  3   .00350 .00339 .00327 .00317 .00307 .00298 .00289
  4   .00359 .00347 .00335 .00324 .00313 .00303 .00294

 

  5   .00377 .00363 .00351 .00339 .00327 .00317 .00306
  6   .00400 .00386 .00372 .00359 .00347 .00335 .00325
  7   .00430 .00414 .00400 .00386 .00373 .00360 .00349
  8   .00465 .00448 .00432 .00417 .00403 .00390 .00378
  9   .00508 .00490 .00473 .00457 .00442 .00428 .00414

 

 10   .00560 .00541 .00523 .00506 .00490 .00475 .00460
 11   .00620 .00600 .00581 .00563 .00546 .00529 .00514
 12   .00689 .00668 .00647 .00628 .00610 .00593 .00576
 13   .00763 .00740 .00718 .00698 .00678 .00660 .00642
 14   .00834 .00810 .00787 .00766 .00745 .00726 .00707

 

 15   .00901 .00875 .00851 .00828 .00807 .00786 .00767
 16   .00959 .00932 .00907 .00883 .00860 .00839 .00818
 17   .01011 .00983 .00956 .00930 .00907 .00884 .00862
 18   .01057 .01027 .00999 .00972 .00947 .00923 .00900
 19   .01101 .01070 .01040 .01012 .00985 .00960 .00936

 

 20   .01148 .01115 .01083 .01054 .01026 .00999 .00974
 21   .01197 .01162 .01129 .01098 .01068 .01040 .01014
 22   .01249 .01211 .01176 .01143 .01112 .01082 .01054
 23   .01304 .01264 .01227 .01192 .01159 .01127 .01098
 24   .01364 .01322 .01283 .01246 .01210 .01177 .01145

 

 25   .01431 .01387 .01345 .01306 .01268 .01233 .01199
 26   .01506 .01459 .01415 .01373 .01333 .01295 .01260
 27   .01591 .01541 .01494 .01449 .01407 .01367 .01329
 28   .01684 .01631 .01580 .01533 .01488 .01445 .01405
 29   .01785 .01728 .01675 .01624 .01577 .01531 .01488

 

 30   .01893 .01833 .01776 .01723 .01672 .01623 .01578
 31   .02010 .01946 .01885 .01828 .01773 .01722 .01673
 32   .02134 .02066 .02002 .01940 .01883 .01828 .01776
 33   .02270 .02197 .02128 .02063 .02002 .01943 .01887
 34   .02415 .02338 .02265 .02195 .02130 .02067 .02008

 

 35   .02574 .02492 .02414 .02340 .02270 .02203 .02140
 36   .02746 .02658 .02575 .02496 .02422 .02350 .02283
 37   .02932 .02838 .02750 .02666 .02586 .02510 .02438
 38   .03135 .03035 .02941 .02851 .02766 .02685 .02608
 39   .03355 .03249 .03149 .03053 .02962 .02876 .02793

 

 40   .03596 .03484 .03377 .03275 .03178 .03086 .02998
 41   .03861 .03742 .03628 .03520 .03416 .03318 .03224
 42   .04152 .04025 .03903 .03788 .03678 .03573 .03473
 43   .04468 .04333 .04205 .04082 .03965 .03853 .03746
 44   .04813 .04670 .04533 .04403 .04278 .04159 .04045

 

 45   .05183 .05032 .04887 .04748 .04616 .04489 .04368
 46   .05582 .05421 .05267 .05121 .04980 .04846 .04717
 47   .06006 .05836 .05673 .05518 .05369 .05226 .05089
 48   .06459 .06279 .06107 .05943 .05785 .05634 .05488
 49   .06942 .06752 .06571 .06397 .06230 .06070 .05916

 

 50   .07459 .07259 .07068 .06884 .06708 .06538 .06376
 51   .08012 .07801 .07599 .07406 .07220 .07041 .06869
 52   .08596 .08375 .08163 .07959 .07763 .07574 .07392
 53   .09214 .08982 .08759 .08544 .08338 .08139 .07948
 54   .09867 .09623 .09389 .09164 .08946 .08737 .08536

 

 55   .10556 .10301 .10055 .09819 .09591 .09371 .09159
 56   .11283 .11016 .10759 .10511 .10272 .10042 .09819
 57   .12050 .11771 .11502 .11243 .10993 .10751 .10518
 58   .12852 .12562 .12281 .12011 .11749 .11496 .11252
 59   .13687 .13385 .13092 .12810 .12537 .12273 .12017

 

 60   .14554 .14240 .13935 .13641 .13356 .13080 .12813
 61   .15457 .15130 .14813 .14507 .14210 .13923 .13644
 62   .16402 .16063 .15734 .15415 .15107 .14808 .14518
 63   .17393 .17042 .16700 .16370 .16049 .15738 .15437
 64   .18429 .18065 .17712 .17369 .17036 .16714 .16400

 

 65   .19511 .19135 .18769 .18415 .18070 .17735 .17410
 66   .20645 .20257 .19880 .19513 .19157 .18810 .18473
 67   .21841 .21441 .21052 .20673 .20305 .19947 .19599
 68   .23096 .22685 .22284 .21895 .21515 .21146 .20786
 69   .24409 .23987 .23575 .23175 .22784 .22404 .22033
 70   .25772 .25339 .24918 .24507 .24106 .23715 .23333

 

 71   .27178 .26735 .26304 .25882 .25471 .25070 .24679
 72   .28622 .28170 .27729 .27298 .26877 .26467 .26065
 73   .30100 .29639 .29189 .28749 .28320 .27899 .27489
 74   .31621 .31152 .30694 .30246 .29807 .29378 .28959

 

 75   .33195 .32719 .32253 .31797 .31351 .30914 .30486
 76   .34832 .34350 .33877 .33415 .32961 .32517 .32082
 77   .36535 .36047 .35570 .35101 .34642 .34192 .33750
 78   .38302 .37811 .37329 .36856 .36392 .35937 .35490
 79   .40124 .39630 .39145 .38669 .38201 .37742 .37291

 

 80   .41980 .41485 .40998 .40520 .40050 .39588 .39134
 81   .43854 .43358 .42871 .42392 .41921 .41457 .41001
 82   .45733 .45238 .44752 .44273 .43802 .43338 .42881
 83   .47616 .47123 .46638 .46161 .45690 .45227 .44770
 84   .49519 .49030 .48548 .48073 .47604 .47143 .46688

 

 85   .51458 .50974 .50496 .50025 .49560 .49102 .48650
 86   .53413 .52935 .52463 .51998 .51538 .51084 .50636
 87   .55351 .54881 .54416 .53957 .53503 .53055 .52613
 88   .57268 .56806 .56349 .55898 .55451 .55010 .54574
 89   .59162 .58710 .58262 .57819 .57382 .56949 .56520

 

 90   .61030 .60588 .60151 .59718 .59290 .58866 .58447
 91   .62834 .62403 .61977 .61554 .61136 .60722 .60312
 92   .64527 .64107 .63692 .63280 .62872 .62468 .62068
 93   .66107 .65699 .65294 .64893 .64495 .64101 .63711
 94   .67597 .67200 .66806 .66415 .66027 .65643 .65262

 

 95   .69031 .68645 .68262 .67881 .67504 .67130 .66759
 96   .70396 .70021 .69648 .69279 .68912 .68548 .68186
 97   .71670 .71305 .70943 .70584 .70227 .69872 .69520
 98   .72875 .72521 .72169 .71819 .71472 .71127 .70784
 99   .74065 .73721 .73379 .73040 .72703 .72368 .72035

 

100   .75234 .74901 .74570 .74241 .73914 .73589 .73265
101   .76399 .76077 .75757 .75438 .75122 .74807 .74494
102   .77552 .77241 .76932 .76625 .76319 .76015 .75712
103   .78703 .78404 .78106 .77809 .77514 .77221 .76929
104   .79948 .79662 .79377 .79093 .78810 .78528 .78248

 

105   .81159 .80885 .80612 .80340 .80069 .79799 .79530
106   .82763 .82506 .82250 .81995 .81741 .81488 .81235
107   .84749 .84516 .84283 .84051 .83819 .83587 .83356
108   .87999 .87808 .87618 .87428 .87238 .87049 .86859
109   .93900 .93800 .93700 .93600 .93500 .93400 .93300
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE    13.6%  13.8%  14.0%
=====================================================================
  0   .01143 .01135 .01128
  1   .00316 .00309 .00302
  2   .00288 .00280 .00273
  3   .00281 .00273 .00265
  4   .00285 .00276 .00268

 

  5   .00297 .00288 .00279
  6   .00314 .00305 .00295
  7   .00338 .00327 .00317
  8   .00366 .00354 .00344
  9   .00402 .00389 .00378

 

 10   .00446 .00433 .00421
 11   .00499 .00485 .00472
 12   .00560 .00545 .00531
 13   .00626 .00610 .00595
 14   .00689 .00673 .00657

 

 15   .00748 .00730 .00714
 16   .00799 .00780 .00762
 17   .00842 .00822 .00804
 18   .00879 .00858 .00839
 19   .00914 .00892 .00871

 

 20   .00950 .00927 .00905
 21   .00988 .00964 .00941
 22   .01027 .01002 .00978
 23   .01069 .01042 .01017
 24   .01115 .01087 .01060

 

 25   .01168 .01137 .01109
 26   .01226 .01194 .01163
 27   .01293 .01259 .01226
 28   .01367 .01330 .01296
 29   .01447 .01408 .01372

 

 30   .01534 .01493 .01453
 31   .01627 .01582 .01540
 32   .01726 .01679 .01634
 33   .01835 .01784 .01736
 34   .01951 .01897 .01846

 

 35   .02080 .02022 .01967
 36   .02218 .02157 .02098
 37   .02369 .02303 .02241
 38   .02534 .02464 .02397
 39   .02715 .02640 .02568

 

 40   .02914 .02833 .02757
 41   .03134 .03048 .02966
 42   .03377 .03285 .03198
 43   .03644 .03546 .03453
 44   .03936 .03832 .03732

 

 45   .04252 .04141 .04034
 46   .04593 .04475 .04362
 47   .04958 .04832 .04711
 48   .05349 .05216 .05087
 49   .05768 .05626 .05490

 

 50   .06219 .06069 .05924
 51   .06703 .06544 .06391
 52   .07218 .07049 .06887
 53   .07763 .07586 .07415
 54   .08342 .08154 .07974

 

 55   .08955 .08757 .08567
 56   .09605 .09397 .09197
 57   .10293 .10075 .09864
 58   .11016 .10787 .10567
 59   .11770 .11531 .11299

 

 60   .12555 .12305 .12063
 61   .13375 .13113 .12860
 62   .14237 .13964 .13699
 63   .15144 .14860 .14584
 64   .16096 .15800 .15513

 

 65   .17094 .16787 .16488
 66   .18146 .17827 .17517
 67   .19259 .18929 .18608
 68   .20436 .20094 .19762
 69   .21672 .21320 .20976
 70   .22961 .22598 .22244

 

 71   .24296 .23923 .23559
 72   .25673 .25290 .24915
 73   .27087 .26694 .26310
 74   .28548 .28146 .27753

 

 75   .30067 .29657 .29255
 76   .31656 .31238 .30828
 77   .33317 .32892 .32475
 78   .35051 .34621 .34198
 79   .36848 .36413 .35985

 

 80   .38688 .38249 .37818
 81   .40553 .40112 .39678
 82   .42431 .41989 .41553
 83   .44320 .43877 .43441
 84   .46239 .45797 .45361

 

 85   .48204 .47763 .47329
 86   .50194 .49758 .49327
 87   .52176 .51744 .51317
 88   .54144 .53718 .53296
 89   .56097 .55678 .55263

 

 90   .58032 .57621 .57214
 91   .59907 .59505 .59107
 92   .61672 .61279 .60890
 93   .63323 .62940 .62559
 94   .64884 .64509 .64138

 

 95   .66390 .66025 .65662
 96   .67828 .67471 .67118
 97   .69171 .68824 .68480
 98   .70444 .70106 .69770
 99   .71704 .71375 .71048

 

100   .72944 .72625 .72307
101   .74183 .73873 .73565
102   .75411 .75111 .74813
103   .76638 .76348 .76060
104   .77969 .77691 .77414

 

105   .79262 .78995 .78729
106   .80983 .80732 .80482
107   .83126 .82896 .82666
108   .86670 .86481 .86293
109   .93200 .93100 .93000
_____________________________________________________________________

(f) Effective dates. This section applies after April 30, 1999.

Par. 10. The undesignated center heading immediately preceding section 1.664-4A is revised to read as follows:

Unitrust Actuarial Tables Applicable Before May 1, 1999

Par. 11. Section 1.664-4A is amended as follows:

1. The section heading is revised.

2. In paragraph (d)(4), the first sentence is revised.

3. In paragraph (d)(6), the introductory text is revised and Table D is removed.

4. The heading of newly designated paragraph (e) is revised.

5. In newly designated paragraph (e)(1), the first sentence is revised.

6. Newly designated paragraphs (e)(3) through (e)(5) are revised.

7. In newly designated paragraph (e)(6), the heading and the first sentence of the introductory text are revised and the last sentence of introductory text is removed and two new sentences are added in its place.

8. The heading of Table U(1) is revised.

The addition and revisions read as follows:

Section 1.664-4A Valuation of charitable remainder interests for
which the valuation date is before May 1, 1999.

* * * * *

(d) * * *

(4) Period is a term of years. If the period described in section 1.664-3(a)(5) is a term of years, the factor which is used in determining the present value of the remainder interest is the factor under the appropriate adjusted payout rate in Table D in section 1.664-4(e)(6) that corresponds to the number of years in the term. * * *

* * * * *

(6) Actuarial tables for transfers for which the valuation date is after November 30, 1983, and before May 1, 1989. Table D in section 1.664-4(e)(6) and the following tables shall be used in the application of the provisions of this section:

* * * * *

(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999--(1) In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(6) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under section 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. * * *

* * * * *

(3) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the adjusted payout rate is determined by using the appropriate Table F, contained in section 1.664-4(e)(6), for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see section 1.664-4(e)(6). If the interest rate is below 4.2 percent or greater than 14 percent, see section 1.664-4(b). See section 1.664-4(e) for rules applicable in determining the adjusted payout rate.

(4) Period is a term of years. If the period described in section 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, is the factor under the appropriate adjusted payout rate in Table D in section 1.664- 4(e)(6) corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. Generally, for purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor, and, in the case of a testamentary transfer under sections 2055, 2106, or 2624, the valuation date is the date of death. See section 1.664-4T(e)(4) for additional rules regarding the valuation date. See section 1.664- 4T(e)(4) for an example that illustrates the application of this paragraph (e)(4).

(5) Period is the life of one individual. If the period described in section 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, is the factor in Table U(1) in paragraph (e)(6) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The rules provided in section 1.664-4T(e)(5) apply for determining the present value of the remainder interest. See section 1.664-4T(e)(5) for an example illustrating the application of this paragraph (e)(5)(using current actuarial tables).

(6) Actuarial tables for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999. For transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a charitable remainder unitrust interest that is dependent on a term of years or the termination of a life interest is determined by using the section 7520 rate and Table D, Tables F(4.2) through F(14.0) in section 1.664-4(e)(6) and Table U(1) of this paragraph (e)(6), as applicable. * * * Publication 1458 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained by a written request to: CC:DOM:CORP:R (IRS Publication 1458), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044.

Table U(1).-- Unitrust Single Life Remainder Factors -
Based on Life Table 80CNSMT

[Applicable for Transfers After April 30, 1989,
and Before May 1, 1999]

* * * * *

Par. 12. Section 1.7520-1 is amended by:

1. Revising the last two sentences of paragraph (b)(2).

2. Revising the headings for paragraphs (c)(1) and (c)(2).

3. Revising the introductory text of paragraph (c)(2).

4. Removing the first two sentences of paragraph (c)(2)(iii) and adding one sentence in their place.

5. Revising paragraph (d).

The revisions and addition read as follows:

Section 1.7520-1 Valuation of annuities, unitrust interests,
interests for life or terms of years, and remainder or reversionary
interests.

* * * * *

(b) * * *

(2) * * * For transactions with valuation dates after April 30, 1989, and before May 1, 1999, the mortality component table (80CNSMT) is contained in section 20.2031- 7A(e)(4) of this chapter. See section 20.2031-7A(a) through (d) of this chapter for mortality component tables applicable to transactions for which the valuation date falls before May 1, 1989.

(c) * * *

(1) Regulations sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1989, and before May 1, 1999. * * *

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1989, and before May 1, 1999. The following publications are no longer available for purchase from the Superintendent of Documents, however, they may be obtained from CC:DOM:CORP:R, room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Gamma Volume," (8-89). * * *

(d) Effective date. This section applies after April 30, 1989, and before May 1, 1999.

Par. 13. Section 1.7520-1T is added to read as follows:

Section 1.7520-1T Valuation of annuities, unitrust interests,
interests for life or terms of years, and remainder or reversionary
interests (temporary).

(a) through (b)(1) [Reserved] For further guidance, see section 1.7520-1(a) through (b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For transactions with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is contained in section 20.2031- 7T(d)(7) of this chapter. See section 20.2031-7A of this chapter for mortality component tables applicable to transactions for which the valuation date falls before May 1, 1999.

(c) [Reserved]. For further guidance, see section 1.7520-1(c).

(1) Regulation sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1999. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in section 1.642(c)-5. See section 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section1.664- 4T(e)(7) contains Table U(1) (actuarial factors for one life). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in section 1.664-3. See section 1.664-4A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 20.2031- 7(d)(6) of this chapter contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) of this chapter contains Table S (actuarial factors for one life), and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See section 20.2031-7A of this chapter for actuarial factors for one life and mortality components applicable to valuation dates before May 1, 1999.

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:

(i) Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in section 1.664-2 and a pooled income fund as defined in section 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in section 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (1999). This publication includes tables for computing deprecation adjustment factors. See section 1.170A-12T.

(d) Effective date. This section applies after April 30, 1999.

PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954

Par. 14. The authority citation for part 20 is amended by adding entries in numerical order to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Section 20.2031-7T also issued under 26 U.S.C. 7520(c)(2). * * *
Section 20.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 15. Section 20.2031-0 is revised to read as follows:

Section 20.2031-0 Table of contents.

This section lists the section headings and undesignated center
headings that appear in the regulations under section 2031.

Section 20.2031-1 Definition of gross estate; valuation of property.
Section 20.2031-2 Valuation of stocks and bonds.
Section 20.2031-3 Valuation of interests in businesses.
Section 20.2031-4 Valuation of notes.
Section 20.2031-5 Valuation of cash on hand or on deposit.
Section 20.2031-6 Valuation of household and personal effects.
Section 20.2031-7 Valuation of annuities, interests for life or term
of years, and remainder or reversionary interests.
Section 20.2031-7T Valuation of annuities, interests for life or term
of years, and remainder or reversionary interests
(temporary).
section 20.2031-8 Valuation of certain life insurance and annuity
contracts; valuation of shares in an open-end
investment company.
section 20.2031-9 Valuation of other property.

Actuarial Tables Applicable Before May 1, 1999

Section 20.2031-7A Valuation of annuities, interests for life or
term of years, and remainder or reversionary interests for estates of
decedents for which the valuation date of the gross estate is before
May 1, 1999.

Par. 16. The undesignated centerheading immediately following section 20.2046-1is revised to read as follows:

Actuarial Tables Applicable Before May 1, 1999

Par. 17. Section 20.2031-7A is amended by:

1. Revising the section heading.

2. Adding paragraph (e).

The revision and addition read as follows:

Section 20.2031-7A Valuation of annuities, interests for life or
term of years, and remainder or reversionary interests for estates of
decedents for which the valuation date of the gross estate is before
May 1, 1999.

* * * * *

(e) Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is after April 30,1989, and before May 1, 1999--(1) In general. Except as otherwise provided in section 20.2031-7(b) and section 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is after April 30, 1989, and before May 1, 1999, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in section 20.2031-7T(d). These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See sections 20.7520-1 through 20.7520-4. See paragraph (e)(4) of this section for determination of the appropriate table for use in valuing these interests.

(2) Transitional rule. (i) If the valuation date is after April 30, 1989, and before June 10, 1994, a taxpayer can rely on Notice 89- 24 (1989-1 C.B. 660), or Notice 89-60 (1989-1 C.B. 700 ). See section 601.601(d)(2)(ii)(b) of this chapter.

(ii) If a decedent dies after April 30, 1989, and if on May 1, 1989, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For example, see paragraph (d) of this section.

(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in paragraph (e)(4) of this section or in section 20.2031-7(d)(6) are included in Internal Revenue Service Publication 1457, "Actuarial Values, Alpha Volume," (8-89). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained from: CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see sections 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.

(4) Actuarial tables. Except as provided in section 20.7520- 3(b) (pertaining to certain limitations on the use of prescribed tables), Life Table 80CNSMT and Table S (Single life remainder factors applicable where the valuation date is after April 30, 1989, and before May 1, 1999), contained in this paragraph (b)(4), and Table B, Table J, and Table K set forth in section 20.2031-7(d)(6) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent. Table S and Table 80CNSMT are as follows:

Par. 17a. Section 20.2031-7A is further amended by redesignating Table S and Table 80CNSMT in section 20.2031-7(d)(6) as Table S and Table 80CNSMT in section 20.2031- 7A(e)(4) and revising the table headings to read as follows:

* * * * *

(e) * * *

(4) * * *

Table S.-Based on Life on Life Table 80CNSMT
Single Life Remainder Factors

[Applicable After April 30, 1989, and Before May 1, 1999]

* * * * *

Table 80CNSMT.-Applicable After April 30, 1989,
and Before May 1, 1999

* * * * *

Par. 18. Section 20.2031-7 is amended by:

1. Revising the section heading.

2. Revising paragraphs (c) through (d)(5).

3. Revising paragraph (d)(6) heading and introductory text.

4. Revising paragraph (e).

The revisions read as follows:

Section 20.2031-7 Valuation of annuities, interests for life or term
of years, and remainder or reversionary interests.

* * * * *
(c) through (d)(5) [Reserved]. For further guidance, see section 20.2031-7T(c) through (d)(5).

(d)(6) Actuarial Table B, Table J, and Table K where the valuation date is after April 30, 1989. Except as provided in section 20.7520-3(b) (pertaining to certain limitations on prescribed tables), the tables in this paragraph (d)(6) and either Table S and Table 80CNSMT in section 20.2031-7A(e)(4) (for valuation dates after April 30, 1989, and before May 1, 1999), or Table S and Table 90CM in section 20.2031-7T(d)(7) (for valuation dates after May 1, 1999) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent.

* * * * *

(e) Effective date. This section applies after April 30, 1989, and before May 1, 1999.

Par. 19. Section 20.2031-7T is added to read as follows:

Section 20.2031-7T Valuation of annuities, interests for life or
term of years, and remainder or reversionary interests (temporary).

(a) through (b) [Reserved]. For further information see section 20.2031-7(a) through (b).

(c) Actuarial valuations. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is after April 30, 1999, is determined under paragraph (d) of this section. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is before May 1, 1999, is determined under the following sections:

 

          Valuation Date                Applicable
      After            Before            Section
      _____            ______           __________

 

        -             01-01-52        20.2031-7A(a)
     12-31-51         01-01-71        20.2031-7A(b)
     12-31-70         12-01-83        20.2031-7A(c)
     11-30-83         05-01-89        20.2031-7A(d)
     04-30-89         05-01-99        20.2031-7A(e)

(d) Actuarial valuations after April 30, 1999--(1) In general. Except as otherwise provided in paragraph (b) of this section and section 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is after April 30, 1999, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value determined by use of standard or special section 7520 actuarial factors. These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See sections 20.7520-1 through 20.7520-4.

(2) Specific interests--(i) Charitable remainder trusts. The fair market value of a remainder interest in a pooled income fund, as defined in section 1.642(c)-5 of this chapter, is its value determined under section 1.642(c)-6T(e) of this chapter. The fair market value of a remainder interest in a charitable remainder annuity trust, as defined in section 1.664-2(a) of this chapter, is the present value determined under section 1.664-2(c) of this chapter. The fair market value of a remainder interest in a charitable remainder unitrust, as defined in section 1.664-3 of this chapter, is its present value determined under section 1.664-4T(e) of this chapter. The fair market value of a life interest or term of years in a charitable remainder unitrust is the fair market value of the property as of the date of valuation less the fair market value of the remainder interest on that date determined under section 1.664-4T(e)(4) and (5) of this chapter.

(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in section 20.2031-7(d)(6) and Table S (for one measuring life when the valuation date is after April 30, 1999) is contained in paragraph (d)(7) of this section and in Internal Revenue Service Publication 1457. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) Ordinary term-of-years and life interests. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain nonincome- producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for an interest for a term of years in Table B and for the life of one individual in Table S (for one measuring life when the valuation date is after April 30, 1999). However, term-of-years and life interest actuarial factors are not included in Table B in section 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section. If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate and the term of years or the life) in Table B (for a term of years) in section 20.2031-7(d)(6) or in Table S (for the life of one individual) in paragraph (d)(7) of this section, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Publication 1457 includes actuarial factors in Table B (for an annuity payable for a term of years) and in Table S (for an annuity payable for the life of one individual when the valuation date is after April 30, 1999). However, annuity actuarial factors are not included in Table B in section 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section. If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, a required annuity factor for a term of years or for one life may be mathematically derived. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in section 20.2031-7(d)(6) or in Table S (in the case of a one-life annuity when the valuation date is after April 30, 1999) in paragraph (d)(7) of this section, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor as contained in Table K in section 20.2031-7(d)(6) for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

Example. At the time of the decedent's death, the survivor/annuitant, age 72, is entitled to receive an annuity of $15,000 a year for life payable in equal monthly installments at the end of each period. The section 7520 rate for the month in which the decedent died is 9.6 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 9.6 percent for an individual aged 72 is .38438. By converting the remainder factor to an annuity factor, as described above, the annuity factor at 9.6 percent for an individual aged 72 is 6.4127 (1.00000 minus .38438, divided by .096). Under Table K in section 20.2031-7(d)(6), the adjustment factor under the column for payments made at the end of each monthly period at the rate of 9.6 percent is 1.0433. The aggregate annual amount, $15,000, is multiplied by the factor 6.4127 and the product multiplied by 1.0433. The present value of the annuity at the date of the decedent's death is, therefore, $100,355.55 ($15,000 x 6.4127 x 1.0433).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in section 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in this paragraph (d)(2)(iv).

(v) Annuity and unitrust interests for a term of years or until the prior death of an individual. See section 25.2512-5T(d)(2)(v) of this chapter for examples explaining how to compute the present value of an annuity or unitrust interest that is payable until the earlier of the lapse of a specific number of years or the death of an individual.

(3) Transitional rule. (i) If a decedent dies after April 30, 1999, and if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For example, see section 20.2031- 7A(e)(2).

(ii) If a decedent dies after April 30, 1999, and before July 1, 1999, the fair market value of annuities, life estates, remainders, and reversions based on one or more measuring lives included in the gross estate of the decedent is their present value determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (See sections 20.7520-1(b) and 20.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(7) of this section or section 20.2031- 7A(e)(4), at the option of the decedent's executor.

(iii) For purposes of paragraphs (d)(3)(i) and (ii) of this section, where the decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (d)(7) of this section or section 20.2031-7A(e)(4), the decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(4) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in section 20.2031-7(d)(6) or in paragraph (d)(7) of this section are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (1999). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see sections 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.

(5) Examples. The provisions of this section are illustrated by the following examples:

Example 1. Remainder payable at an individual's death. The decedent, or the decedent's estate, was entitled to receive certain property worth $50,000 upon the death of A, to whom the income was bequeathed for life. At the time of the decedent's death, A was 47 years 5 months old. In the month in which the decedent died, the section 7520 rate was 9.8 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 9.8 percent for determining the present value of the remainder interest due at the death of a person aged 47, the number of years nearest A's actual age at the decedent's death, is .10317. The present value of the remainder interest at the date of the decedent's death is, therefore, $5,158.50 ($50,000 X .10317).

Example 2. Income payable for an individual's life. A's parent bequeathed an income interest in property to A for life, with the remainder interest passing to B at A's death. At the time of the parent's death, the value of the property was $50,000 and A was 30 years 10 months old. The section 7520 rate at the time of the parent's death was 10.2 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 10.2 percent for determining the present value of the remainder interest due at the death of a person aged 31, the number of years closest to A's age at the decedent's death, is .03583. Converting this remainder factor to an income factor, as described in paragraph (d)(2)(iii) of this section, the factor for determining the present value of an income interest for the life of a person aged 31 is .96417. The present value of A's interest at the time of the parent's death is, therefore, $48,208.50 ($50,000 X .96417).

Example 3. Annuity payable for an individual's life. A purchased an annuity for the benefit of both A and B. Under the terms of the annuity contract, at A's death, a survivor annuity of $10,000 a year payable in equal semiannual installments made at the end of each interval is payable to B for life. At A's death, B was 45 years 7 months old. Also, at A's death, the section 7520 rate was 9.6 percent. Under Table S in paragraph (d)(7) of this section, the factor at 9.6 percent for determining the present value of the remainder interest at the death of a person age 46 (the number of years nearest B's actual age) is .10013. By converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity payable until the death of a person age 46 is 9.3736 (1.00000 minus .10013, divided by .096). The adjustment factor from Table K in section 20.2031- 7(d)(6) at an interest rate of 9.6 percent for semiannual annuity payments made at the end of the period is 1.0235. The present value of the annuity at the date of A's death is, therefore, $95,938.80 ($10,000 X 9.3736 X 1.0235).

Example 4. Annuity payable for a term of years. The decedent, or the decedent's estate, was entitled to receive an annuity of $10,000 a year payable in equal quarterly installments at the end of each quarter throughout a term certain. At the time of the decedent's death, the section 7520 rate was 9.8 percent. A quarterly payment had just been made prior to the decedent's death and payments were to continue for 5 more years. Under Table B in section 20.2031- 7(d)(6) for the interest rate of 9.8 percent, the factor for the present value of a remainder interest due after a term of 5 years is .626597. Converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity for a term of 5 years is 3.8102. The adjustment factor from Table K in section 20.2031-7(d)(6) at an interest rate of 9.8 percent for quarterly annuity payments made at the end of the period is 1.0360. The present value of the annuity is, therefore, $39,473.67 ($10,000 X 3.8102 X 1.0360).

(6) [Reserved]. For further guidance, see section 20.2031- 7(d)(6).

(7) Actuarial Table S and Table 90CM where the valuation date is after April 30, 1999. Except as provided in section 20.7520-2(b) (pertaining to certain limitations on the use of prescribed tables), the following Table 90CM and Table S (single life remainder factors applicable where the valuation date is after April 30, 1999) and Table B, Table J, and Table K contained in section 20.2031-7(d)(6), must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent.

 

                               TABLE S
                      BASED ON LIFE TABLE 90CM
                    SINGLE LIFE REMAINDER FACTORS
                   APPLICABLE AFTER APRIL 30, 1999

                            INTEREST RATE

=====================================================================
AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%
=====================================================================
  0   .06752 .06130 .05586 .05109 .04691 .04322 .03998
  1   .06137 .05495 .04932 .04438 .04003 .03620 .03283
  2   .06325 .05667 .05088 .04580 .04132 .03737 .03388
  3   .06545 .05869 .05275 .04752 .04291 .03883 .03523
  4   .06784 .06092 .05482 .04944 .04469 .04048 .03676

 

  5   .07040 .06331 .05705 .05152 .04662 .04229 .03845
  6   .07310 .06583 .05941 .05372 .04869 .04422 .04025
  7   .07594 .06849 .06191 .05607 .05089 .04628 .04219
  8   .07891 .07129 .06453 .05853 .05321 .04846 .04424
  9   .08203 .07423 .06731 .06115 .05567 .05079 .04643

 

 10   .08532 .07734 .07024 .06392 .05829 .05326 .04877
 11   .08875 .08059 .07331 .06683 .06104 .05587 .05124
 12   .09233 .08398 .07653 .06989 .06394 .05862 .05385
 13   .09601 .08748 .07985 .07304 .06693 .06146 .05655
 14   .09974 .09102 .08322 .07624 .06997 .06435 .05929

 

 15   .10350 .09460 .08661 .07946 .07303 .06725 .06204
 16   .10728 .09818 .09001 .08268 .07608 .07014 .06479
 17   .11108 .10179 .09344 .08592 .07916 .07306 .06755
 18   .11494 .10545 .09691 .08921 .08227 .07601 .07034
 19   .11889 .10921 .10047 .09259 .08548 .07904 .07322

 

 20   .12298 .11310 .10417 .09610 .08881 .08220 .07622
 21   .12722 .11713 .10801 .09976 .09228 .08550 .07935
 22   .13159 .12130 .11199 .10354 .09588 .08893 .08260
 23   .13613 .12563 .11612 .10748 .09964 .09250 .08601
 24   .14084 .13014 .12043 .11160 .10357 .09625 .08958

 

 25   .14574 .13484 .12493 .11591 .10768 .10018 .09334
 26   .15084 .13974 .12963 .12041 .11199 .10431 .09728
 27   .15615 .14485 .13454 .12513 .11652 .10865 .10144
 28   .16166 .15016 .13965 .13004 .12124 .11319 .10580
 29   .16737 .15567 .14497 .13516 .12617 .11792 .11035

 

 30   .17328 .16138 .15048 .14047 .13129 .12286 .11510
 31   .17938 .16728 .15618 .14599 .13661 .12799 .12004
 32   .18568 .17339 .16210 .15171 .14214 .13333 .12520
 33   .19220 .17972 .16824 .15766 .14790 .13889 .13058
 34   .19894 .18627 .17460 .16383 .15388 .14468 .13618

 

 35   .20592 .19307 .18121 .17025 .16011 .15073 .14204
 36   .21312 .20010 .18805 .17691 .16658 .15701 .14814
 37   .22057 .20737 .19514 .18382 .17331 .16356 .15450
 38   .22827 .21490 .20251 .19100 .18031 .17038 .16113
 39   .23623 .22270 .21013 .19845 .18759 .17747 .16805

 

 40   .24446 .23078 .21805 .20620 .19516 .18487 .17527
 41   .25298 .23915 .22626 .21425 .20305 .19259 .18282
 42   .26178 .24782 .23478 .22262 .21125 .20062 .19069
 43   .27087 .25678 .24360 .23129 .21977 .20898 .19888
 44   .28025 .26603 .25273 .24027 .22860 .21766 .20740

 

 45   .28987 .27555 .26212 .24953 .23772 .22664 .21622
 46   .29976 .28533 .27179 .25908 .24714 .23591 .22536
 47   .30987 .29535 .28171 .26889 .25682 .24546 .23476
 48   .32023 .30563 .29190 .27897 .26678 .25530 .24447
 49   .33082 .31615 .30234 .28931 .27702 .26543 .25447

 

 50   .34166 .32694 .31306 .29995 .28756 .27586 .26479
 51   .35274 .33798 .32404 .31085 .29838 .28658 .27541
 52   .36402 .34924 .33525 .32200 .30946 .29757 .28630
 53   .37550 .36070 .34668 .33339 .32078 .30882 .29746
 54   .38717 .37237 .35833 .34500 .33234 .32031 .30888

 

 55   .39903 .38424 .37019 .35683 .34413 .33205 .32056
 56   .41108 .39631 .38227 .36890 .35617 .34405 .33250
 57   .42330 .40857 .39455 .38118 .36844 .35629 .34469
 58   .43566 .42098 .40699 .39364 .38089 .36873 .35710
 59   .44811 .43351 .41956 .40623 .39350 .38133 .36968

 

 60   .46066 .44613 .43224 .41896 .40624 .39408 .38243
 61   .47330 .45887 .44505 .43182 .41914 .40699 .39535
 62   .48608 .47175 .45802 .44485 .43223 .42011 .40848
 63   .49898 .48478 .47115 .45807 .44550 .43343 .42184
 64   .51200 .49793 .48442 .47143 .45895 .44694 .43539

 

 65   .52512 .51121 .49782 .48495 .47255 .46062 .44912
 66   .53835 .52461 .51137 .49862 .48634 .47449 .46307
 67   .55174 .53818 .52511 .51250 .50034 .48860 .47727
 68   .56524 .55188 .53899 .52654 .51452 .50291 .49168
 69   .57882 .56568 .55299 .54071 .52885 .51737 .50627
 70   .59242 .57951 .56703 .55495 .54325 .53193 .52096

 

 71   .60598 .59332 .58106 .56918 .55767 .54651 .53569
 72   .61948 .60707 .59504 .58338 .57206 .56108 .55043
 73   .63287 .62073 .60895 .59751 .58640 .57561 .56513
 74   .64621 .63435 .62282 .61162 .60073 .59015 .57985

 

 75   .65953 .64796 .63671 .62575 .61510 .60473 .59463
 76   .67287 .66160 .65063 .63995 .62954 .61940 .60952
 77   .68622 .67526 .66459 .65419 .64404 .63415 .62450
 78   .69954 .68892 .67856 .66845 .65858 .64895 .63955
 79   .71278 .70250 .69246 .68265 .67308 .66372 .65457

 

 80   .72581 .71588 .70618 .69668 .68740 .67833 .66945
 81   .73857 .72899 .71962 .71045 .70147 .69268 .68408
 82   .75101 .74178 .73274 .72389 .71522 .70672 .69840
 83   .76311 .75423 .74553 .73700 .72864 .72044 .71240
 84   .77497 .76645 .75809 .74988 .74183 .73393 .72618

 

 85   .78665 .77848 .77047 .76260 .75487 .74728 .73982
 86   .79805 .79025 .78258 .77504 .76764 .76036 .75320
 87   .80904 .80159 .79427 .78706 .77998 .77301 .76615
 88   .81962 .81251 .80552 .79865 .79188 .78521 .77865
 89   .82978 .82302 .81636 .80980 .80335 .79699 .79072

 

 90   .83952 .83309 .82676 .82052 .81437 .80831 .80234
 91   .84870 .84260 .83658 .83064 .82479 .81902 .81332
 92   .85716 .85136 .84563 .83998 .83441 .82891 .82348
 93   .86494 .85942 .85396 .84858 .84326 .83801 .83283
 94   .87216 .86690 .86170 .85657 .85149 .84648 .84153

 

 95   .87898 .87397 .86902 .86412 .85928 .85450 .84977
 96   .88537 .88060 .87587 .87121 .86659 .86203 .85751
 97   .89127 .88672 .88221 .87775 .87335 .86898 .86467
 98   .89680 .89245 .88815 .88389 .87968 .87551 .87138
 99   .90217 .89803 .89393 .88987 .88585 .88187 .87793

 

100   .90738 .90344 .89953 .89567 .89183 .88804 .88428
101   .91250 .90876 .90504 .90137 .89772 .89412 .89054
102   .91751 .91396 .91045 .90696 .90350 .90007 .89668
103   .92247 .91912 .91579 .91249 .90922 .90598 .90276
104   .92775 .92460 .92148 .91839 .91532 .91227 .90924

 

105   .93290 .92996 .92704 .92415 .92127 .91841 .91558
106   .93948 .93680 .93415 .93151 .92889 .92628 .92370
107   .94739 .94504 .94271 .94039 .93808 .93579 .93351
108   .95950 .95767 .95585 .95404 .95224 .95045 .94867
109   .97985 .97893 .97801 .97710 .97619 .97529 .97438
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE     5.6%   5.8%   6.0%
=====================================================================
  0   .03711 .03458 .03233
  1   .02985 .02721 .02487
  2   .03079 .02806 .02563
  3   .03203 .02920 .02668
  4   .03346 .03052 .02791

 

  5   .03503 .03199 .02928
  6   .03672 .03357 .03076
  7   .03854 .03528 .03236
  8   .04046 .03709 .03407
  9   .04253 .03904 .03592

 

 10   .04474 .04114 .03790
 11   .04709 .04336 .04002
 12   .04957 .04572 .04226
 13   .05214 .04816 .04458
 14   .05474 .05064 .04694

 

 15   .05735 .05312 .04930
 16   .05996 .05559 .05164
 17   .06257 .05807 .05399
 18   .06521 .06057 .05636
 19   .06794 .06315 .05880

 

 20   .07078 .06584 .06135
 21   .07375 .06866 .06403
 22   .07685 .07160 .06682
 23   .08009 .07468 .06975
 24   .08349 .07793 .07284

 

 25   .08708 .08135 .07611
 26   .09085 .08496 .07956
 27   .09484 .08878 .08322
 28   .09901 .09279 .08706
 29   .10339 .09699 .09109

 

 30   .10796 .10138 .09532
 31   .11272 .10597 .09974
 32   .11769 .11076 .10435
 33   .12289 .11578 .10920
 34   .12831 .12102 .11426

 

 35   .13399 .12652 .11958
 36   .13990 .13225 .12514
 37   .14608 .13825 .13096
 38   .15253 .14452 .13705
 39   .15927 .15108 .14344

 

 40   .16631 .15795 .15013
 41   .17368 .16514 .15715
 42   .18138 .17267 .16450
 43   .18941 .18053 .17220
 44   .19777 .18873 .18023

 

 45   .20644 .19724 .18858
 46   .21542 .20606 .19725
 47   .22468 .21518 .20621
 48   .23425 .22460 .21549
 49   .24412 .23434 .22509

 

 50   .25432 .24441 .23502
 51   .26482 .25479 .24528
 52   .27561 .26547 .25584
 53   .28667 .27643 .26669
 54   .29801 .28766 .27782

 

 55   .30961 .29918 .28925
 56   .32149 .31099 .30097
 57   .33363 .32306 .31297
 58   .34600 .33538 .32522
 59   .35855 .34789 .33768

 

 60   .37127 .36058 .35033
 61   .38418 .37347 .36318
 62   .39732 .38660 .37629
 63   .41069 .39997 .38966
 64   .42427 .41357 .40326

 

 65   .43805 .42738 .41709
 66   .45206 .44143 .43118
 67   .46633 .45576 .44556
 68   .48083 .47034 .46020
 69   .49552 .48513 .47506
 70   .51034 .50004 .49007

 

 71   .52520 .51503 .50516
 72   .54009 .53004 .52029
 73   .55495 .54505 .53543
 74   .56984 .56009 .55061

 

 75   .58480 .57523 .56591
 76   .59989 .59050 .58135
 77   .61509 .60590 .59694
 78   .63036 .62140 .61264
 79   .64563 .63690 .62836

 

 80   .66077 .65227 .64396
 81   .67566 .66741 .65933
 82   .69024 .68225 .67441
 83   .70451 .69678 .68919
 84   .71857 .71110 .70377

 

 85   .73250 .72530 .71823
 86   .74617 .73925 .73245
 87   .75940 .75277 .74624
 88   .77220 .76584 .75958
 89   .78455 .77847 .77248

 

 90   .79645 .79064 .78492
 91   .80771 .80217 .79671
 92   .81812 .81283 .80761
 93   .82771 .82266 .81767
 94   .83664 .83181 .82704

 

 95   .84510 .84049 .83592
 96   .85305 .84864 .84427
 97   .86040 .85618 .85200
 98   .86730 .86326 .85926
 99   .87402 .87016 .86633

 

100   .88056 .87687 .87322
101   .88699 .88348 .88000
102   .89331 .88997 .88666
103   .89957 .89640 .89326
104   .90624 .90326 .90031

 

105   .91276 .90997 .90719
106   .92113 .91857 .91604
107   .93124 .92899 .92675
108   .94689 .94512 .94336
109   .97348 .97259 .97170
______________________________________________________________________

                            INTEREST RATE

======================================================================
AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%
======================================================================
  0   .03034 .02857 .02700 .02559 .02433 .02321 .02220
  1   .02279 .02094 .01929 .01782 .01650 .01533 .01427
  2   .02347 .02155 .01983 .01829 .01692 .01569 .01458
  3   .02444 .02243 .02065 .01905 .01761 .01632 .01516
  4   .02558 .02349 .02163 .01996 .01846 .01712 .01590

 

  5   .02686 .02469 .02275 .02101 .01945 .01804 .01677
  6   .02825 .02600 .02398 .02217 .02053 .01906 .01773
  7   .02976 .02742 .02532 .02343 .02172 .02019 .01880
  8   .03137 .02894 .02675 .02479 .02301 .02140 .01995
  9   .03311 .03059 .02832 .02627 .02442 .02274 .02122

 

 10   .03499 .03237 .03001 .02788 .02595 .02420 .02262
 11   .03700 .03428 .03183 .02961 .02760 .02578 .02413
 12   .03913 .03632 .03377 .03146 .02937 .02748 .02575
 13   .04135 .03843 .03579 .03339 .03122 .02924 .02744
 14   .04359 .04057 .03783 .03534 .03308 .03102 .02915

 

 15   .04584 .04270 .03986 .03728 .03493 .03279 .03083
 16   .04806 .04482 .04187 .03919 .03674 .03452 .03248
 17   .05029 .04692 .04387 .04108 .03855 .03623 .03411
 18   .05253 .04905 .04588 .04299 .04036 .03795 .03574
 19   .05484 .05124 .04796 .04496 .04222 .03972 .03742

 

 20   .05726 .05354 .05013 .04702 .04418 .04158 .03919
 21   .05980 .05595 .05242 .04920 .04625 .04354 .04105
 22   .06246 .05847 .05482 .05147 .04841 .04559 .04301
 23   .06524 .06112 .05734 .05387 .05069 .04777 .04508
 24   .06819 .06392 .06001 .05642 .05312 .05008 .04728

 

 25   .07131 .06690 .06285 .05913 .05570 .05255 .04964
 26   .07460 .07005 .06586 .06200 .05845 .05518 .05215
 27   .07810 .07340 .06907 .06508 .06140 .05800 .05485
 28   .08179 .07693 .07246 .06833 .06451 .06098 .05772
 29   .08566 .08065 .07603 .07176 .06780 .06414 .06075

 

 30   .08973 .08456 .07978 .07536 .07127 .06748 .06396
 31   .09398 .08865 .08372 .07915 .07491 .07098 .06733
 32   .09843 .09294 .08785 .08313 .07875 .07468 .07089
 33   .10310 .09745 .09220 .08732 .08279 .07858 .07466
 34   .10799 .10217 .09676 .09173 .08705 .08269 .07862

 

 35   .11314 .10715 .10157 .09638 .09155 .08704 .08283
 36   .11852 .11236 .10662 .10127 .09628 .09162 .08726
 37   .12416 .11783 .11193 .10641 .10126 .09645 .09194
 38   .13009 .12359 .11751 .11183 .10652 .10155 .09689
 39   .13629 .12962 .12338 .11753 .11206 .10693 .10212

 

 40   .14281 .13597 .12955 .12355 .11791 .11262 .10766
 41   .14966 .14264 .13606 .12989 .12409 .11864 .11352
 42   .15685 .14966 .14291 .13657 .13061 .12500 .11972
 43   .16437 .15702 .15010 .14360 .13747 .13171 .12627
 44   .17224 .16472 .15764 .15098 .14469 .13876 .13317

 

 45   .18042 .17274 .16550 .15867 .15223 .14615 .14040
 46   .18893 .18110 .17370 .16671 .16011 .15387 .14796
 47   .19775 .18975 .18220 .17505 .16830 .16190 .15584
 48   .20688 .19873 .19102 .18373 .17682 .17027 .16406
 49   .21633 .20804 .20018 .19274 .18568 .17898 .17262

 

 50   .22612 .21769 .20969 .20210 .19490 .18805 .18155
 51   .23625 .22769 .21955 .21182 .20448 .19749 .19084
 52   .24669 .23799 .22973 .22186 .21438 .20726 .20047
 53   .25742 .24861 .24022 .23222 .22461 .21735 .21043
 54   .26845 .25952 .25101 .24290 .23516 .22777 .22072

 

 55   .27978 .27074 .26212 .25389 .24604 .23853 .23136
 56   .29140 .28227 .27355 .26522 .25725 .24963 .24233
 57   .30333 .29411 .28529 .27686 .26879 .26106 .25365
 58   .31551 .30621 .29731 .28878 .28061 .27278 .26528
 59   .32790 .31854 .30956 .30095 .29269 .28477 .27716

 

 60   .34050 .33107 .32202 .31334 .30500 .29699 .28929
 61   .35331 .34384 .33473 .32598 .31757 .30948 .30170
 62   .36639 .35688 .34772 .33892 .33044 .32229 .31443
 63   .37974 .37020 .36101 .35216 .34363 .33542 .32750
 64   .39334 .38378 .37456 .36568 .35711 .34884 .34087

 

 65   .40718 .39761 .38838 .37947 .37087 .36257 .35455
 66   .42128 .41172 .40249 .39357 .38496 .37663 .36858
 67   .43569 .42616 .41694 .40803 .39941 .39107 .38299
 68   .45038 .44089 .43170 .42281 .41419 .40585 .39777
 69   .46531 .45587 .44672 .43786 .42927 .42094 .41286
 70   .48040 .47103 .46194 .45312 .44456 .43626 .42820

 

 71   .49558 .48629 .47727 .46851 .46000 .45174 .44371
 72   .51082 .50162 .49268 .48399 .47554 .46733 .45934
 73   .52607 .51697 .50813 .49952 .49114 .48299 .47506
 74   .54139 .53241 .52367 .51515 .50686 .49879 .49092

 

 75   .55683 .54798 .53936 .53095 .52276 .51477 .50698
 76   .57243 .56373 .55524 .54696 .53888 .53100 .52330
 77   .58819 .57965 .57132 .56318 .55523 .54747 .53988
 78   .60408 .59572 .58755 .57957 .57177 .56414 .55668
 79   .62001 .61184 .60385 .59604 .58840 .58092 .57360

 

 80   .63582 .62786 .62007 .61244 .60497 .59765 .59048
 81   .65142 .64367 .63608 .62864 .62135 .61421 .60721
 82   .66673 .65920 .65182 .64458 .63748 .63052 .62368
 83   .68175 .67444 .66728 .66024 .65334 .64656 .63991
 84   .69657 .68950 .68256 .67574 .66904 .66246 .65599

 

 85   .71128 .70446 .69775 .69116 .68467 .67830 .67204
 86   .72576 .71919 .71272 .70636 .70010 .69394 .68789
 87   .73981 .73349 .72726 .72114 .71511 .70917 .70333
 88   .75342 .74735 .74137 .73548 .72968 .72396 .71833
 89   .76658 .76076 .75503 .74938 .74381 .73832 .73290

 

 90   .77928 .77371 .76823 .76281 .75748 .75221 .74702
 91   .79131 .78600 .78075 .77557 .77046 .76542 .76044
 92   .80246 .79737 .79235 .78740 .78250 .77767 .77290
 93   .81274 .80788 .80307 .79832 .79363 .78899 .78441
 94   .82232 .81766 .81306 .80850 .80401 .79956 .79517

 

 95   .83141 .82695 .82254 .81818 .81387 .80961 .80539
 96   .83996 .83569 .83147 .82729 .82316 .81907 .81503
 97   .84787 .84378 .83973 .83573 .83176 .82784 .82396
 98   .85530 .85138 .84750 .84366 .83985 .83609 .83236
 99   .86255 .85880 .85508 .85140 .84776 .84415 .84057

 

100   .86960 .86601 .86246 .85894 .85546 .85200 .84858
101   .87655 .87313 .86974 .86638 .86305 .85975 .85648
102   .88338 .88012 .87689 .87369 .87052 .86738 .86426
103   .89015 .88706 .88399 .88095 .87793 .87494 .87197
104   .89737 .89446 .89157 .88871 .88586 .88304 .88024

 

105   .90443 .90170 .89898 .89628 .89360 .89094 .88830
106   .91351 .91101 .90852 .90605 .90359 .90115 .89873
107   .92452 .92230 .92010 .91791 .91573 .91356 .91141
108   .94161 .93987 .93814 .93641 .93469 .93298 .93128
109   .97081 .96992 .96904 .96816 .96729 .96642 .96555
____________________________________________________________________

                          [table continued]

======================================================================
AGE     7.6%   7.8%   8.0%
======================================================================
  0   .02129 .02047 .01973
  1   .01331 .01246 .01168
  2   .01358 .01268 .01187
  3   .01412 .01317 .01232
  4   .01481 .01382 .01292

 

  5   .01562 .01458 .01364
  6   .01653 .01544 .01445
  7   .01754 .01640 .01536
  8   .01864 .01744 .01635
  9   .01985 .01859 .01745

 

 10   .02118 .01987 .01867
 11   .02262 .02125 .02000
 12   .02418 .02275 .02144
 13   .02580 .02431 .02294
 14   .02744 .02587 .02444

 

 15   .02905 .02742 .02593
 16   .03063 .02892 .02736
 17   .03218 .03040 .02877
 18   .03373 .03187 .03017
 19   .03532 .03339 .03161

 

 20   .03700 .03498 .03313
 21   .03877 .03667 .03473
 22   .04063 .03844 .03642
 23   .04260 .04032 .03821
 24   .04470 .04232 .04012

 

 25   .04695 .04447 .04218
 26   .04936 .04677 .04438
 27   .05195 .04925 .04676
 28   .05469 .05189 .04929
 29   .05761 .05469 .05198

 

 30   .06069 .05766 .05483
 31   .06394 .06078 .05785
 32   .06737 .06409 .06103
 33   .07100 .06759 .06441
 34   .07483 .07129 .06798

 

 35   .07890 .07522 .07179
 36   .08319 .07938 .07581
 37   .08772 .08377 .08006
 38   .09253 .08843 .08459
 39   .09761 .09337 .08938

 

 40   .10299 .09860 .09447
 41   .10870 .10417 .09989
 42   .11475 .11006 .10564
 43   .12115 .11631 .11174
 44   .12789 .12290 .11819

 

 45   .13496 .12982 .12496
 46   .14238 .13708 .13207
 47   .15010 .14466 .13950
 48   .15817 .15258 .14727
 49   .16658 .16084 .15539

 

 50   .17536 .16948 .16388
 51   .18452 .17849 .17275
 52   .19400 .18784 .18196
 53   .20383 .19753 .19151
 54   .21399 .20756 .20140

 

 55   .22450 .21793 .21166
 56   .23535 .22867 .22227
 57   .24656 .23976 .23324
 58   .25807 .25116 .24453
 59   .26986 .26284 .25610

 

 60   .28190 .27478 .26794
 61   .29422 .28701 .28007
 62   .30687 .29958 .29255
 63   .31986 .31250 .30539
 64   .33317 .32574 .31857

 

 65   .34681 .33932 .33208
 66   .36079 .35326 .34597
 67   .37518 .36761 .36028
 68   .38994 .38235 .37499
 69   .40503 .39743 .39006
 70   .42038 .41278 .40540

 

 71   .43591 .42832 .42095
 72   .45157 .44401 .43666
 73   .46733 .45981 .45249
 74   .48325 .47578 .46849

 

 75   .49938 .49197 .48474
 76   .51579 .50846 .50130
 77   .53247 .52523 .51815
 78   .54939 .54225 .53527
 79   .56644 .55943 .55256

 

 80   .58347 .57659 .56985
 81   .60034 .59361 .58701
 82   .61698 .61041 .60395
 83   .63338 .62696 .62066
 84   .64964 .64340 .63727

 

 85   .66587 .65982 .65386
 86   .68193 .67606 .67029
 87   .69757 .69190 .68632
 88   .71279 .70732 .70194
 89   .72757 .72231 .71712

 

 90   .74190 .73684 .73186
 91   .75553 .75068 .74589
 92   .76818 .76353 .75893
 93   .77989 .77542 .77100
 94   .79082 .78653 .78228

 

 95   .80122 .79710 .79302
 96   .81103 .80707 .80315
 97   .82012 .81632 .81255
 98   .82867 .82502 .82140
 99   .83703 .83353 .83005

 

100   .84519 .84183 .83849
101   .85324 .85003 .84684
102   .86116 .85809 .85505
103   .86903 .86611 .86321
104   .87745 .87469 .87195

 

105   .88568 .88307 .88049
106   .89632 .89392 .89154
107   .90927 .90714 .90502
108   .92958 .92790 .92622
109   .96468 .96382 .96296
_____________________________________________________________________

                            INTEREST RATE

=====================================================================
AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%
=====================================================================
  0   .01906 .01845 .01790 .01740 .01694 .01652 .01613
  1   .01098 .01034 .00977 .00924 .00876 .00833 .00793
  2   .01113 .01046 .00986 .00930 .00880 .00834 .00791
  3   .01155 .01084 .01020 .00962 .00909 .00860 .00816
  4   .01211 .01137 .01069 .01008 .00952 .00900 .00853

 

  5   .01279 .01201 .01130 .01065 .01006 .00952 .00902
  6   .01356 .01274 .01199 .01131 .01068 .01011 .00959
  7   .01442 .01356 .01277 .01205 .01140 .01079 .01023
  8   .01536 .01446 .01363 .01287 .01218 .01154 .01096
  9   .01641 .01546 .01460 .01380 .01307 .01240 .01178

 

 10   .01758 .01659 .01567 .01484 .01407 .01336 .01270
 11   .01886 .01781 .01686 .01598 .01517 .01442 .01373
 12   .02024 .01915 .01814 .01721 .01636 .01558 .01485
 13   .02168 .02054 .01948 .01851 .01762 .01679 .01603
 14   .02313 .02193 .02083 .01981 .01887 .01801 .01721

 

 15   .02456 .02330 .02214 .02107 .02009 .01918 .01834
 16   .02593 .02462 .02340 .02229 .02126 .02030 .01942
 17   .02728 .02590 .02463 .02346 .02238 .02138 .02046
 18   .02861 .02717 .02584 .02462 .02348 .02243 .02146
 19   .02998 .02847 .02708 .02580 .02461 .02351 .02249

 

 20   .03142 .02984 .02839 .02704 .02580 .02465 .02357
 21   .03295 .03130 .02978 .02837 .02706 .02585 .02473
 22   .03455 .03283 .03124 .02976 .02839 .02712 .02594
 23   .03626 .03446 .03279 .03124 .02981 .02847 .02723
 24   .03809 .03620 .03446 .03283 .03133 .02993 .02863

 

 25   .04005 .03808 .03625 .03456 .03298 .03151 .03014
 26   .04216 .04010 .03819 .03641 .03476 .03322 .03178
 27   .04444 .04229 .04029 .03843 .03670 .03508 .03357
 28   .04687 .04463 .04254 .04059 .03877 .03708 .03550
 29   .04946 .04712 .04493 .04289 .04099 .03922 .03756

 

 30   .05221 .04976 .04748 .04534 .04335 .04149 .03975
 31   .05511 .05255 .05017 .04794 .04585 .04390 .04208
 32   .05818 .05551 .05302 .05069 .04851 .04647 .04455
 33   .06144 .05866 .05606 .05363 .05135 .04921 .04720
 34   .06489 .06200 .05928 .05674 .05436 .05212 .05002

 

 35   .06857 .06555 .06273 .06007 .05758 .05524 .05304
 36   .07246 .06932 .06638 .06361 .06101 .05856 .05626
 37   .07659 .07332 .07025 .06737 .06466 .06210 .05969
 38   .08098 .07758 .07439 .07138 .06855 .06588 .06336
 39   .08563 .08210 .07878 .07565 .07270 .06992 .06729

 

 40   .09059 .08692 .08347 .08021 .07714 .07423 .07149
 41   .09586 .09206 .08848 .08509 .08189 .07886 .07600
 42   .10147 .09753 .09381 .09029 .08696 .08381 .08083
 43   .10742 .10334 .09948 .09583 .09237 .08909 .08598
 44   .11373 .10950 .10551 .10172 .09813 .09472 .09148

 

 45   .12035 .11599 .11185 .10792 .10420 .10066 .09730
 46   .12732 .12281 .11853 .11447 .11061 .10694 .10345
 47   .13460 .12995 .12553 .12133 .11733 .11353 .10991
 48   .14223 .13743 .13287 .12853 .12439 .12046 .11671
 49   .15020 .14526 .14056 .13608 .13181 .12774 .12385

 

 50   .15855 .15347 .14862 .14401 .13960 .13540 .13138
 51   .16727 .16205 .15707 .15232 .14777 .14344 .13929
 52   .17634 .17098 .16587 .16097 .15630 .15183 .14755
 53   .18576 .18027 .17501 .16999 .16518 .16057 .15616
 54   .19552 .18990 .18451 .17935 .17441 .16968 .16514

 

 55   .20564 .19989 .19437 .18908 .18402 .17915 .17449
 56   .21613 .21025 .20461 .19919 .19400 .18901 .18422
 57   .22698 .22098 .21522 .20968 .20436 .19925 .19434
 58   .23816 .23204 .22616 .22051 .21507 .20984 .20481
 59   .24962 .24339 .23740 .23163 .22608 .22073 .21558

 

 60   .26136 .25502 .24892 .24304 .23738 .23192 .22666
 61   .27339 .26695 .26075 .25477 .24900 .24343 .23806
 62   .28578 .27925 .27295 .26687 .26100 .25533 .24985

 

 63   .29854 .29192 .28553 .27935 .27339 .26762 .26205
 64   .31164 .30494 .29846 .29221 .28615 .28030 .27463

 

 65   .32508 .31831 .31177 .30543 .29930 .29336 .28761
 66   .33891 .33208 .32547 .31906 .31285 .30684 .30101
 67   .35318 .34630 .33963 .33316 .32689 .32081 .31491
 68   .36785 .36093 .35422 .34770 .34138 .33524 .32928
 69   .38290 .37595 .36920 .36265 .35628 .35009 .34408
 70   .39823 .39127 .38450 .37791 .37151 .36529 .35924

 

 71   .41378 .40681 .40003 .39343 .38701 .38076 .37467
 72   .42950 .42253 .41575 .40914 .40271 .39644 .39034
 73   .44535 .43840 .43162 .42502 .41858 .41231 .40619
 74   .46139 .45446 .44771 .44112 .43469 .42842 .42230

 

 75   .47769 .47080 .46408 .45752 .45111 .44485 .43874
 76   .49430 .48747 .48079 .47427 .46790 .46167 .45558
 77   .51123 .50447 .49786 .49139 .48506 .47888 .47282
 78   .52845 .52177 .51523 .50884 .50257 .49645 .49044
 79   .54584 .53926 .53282 .52650 .52032 .51426 .50833

 

 80   .56325 .55678 .55044 .54423 .53813 .53216 .52630
 81   .58054 .57419 .56797 .56186 .55587 .54999 .54422
 82   .59762 .59140 .58530 .57931 .57343 .56766 .56198
 83   .61448 .60840 .60243 .59657 .59081 .58515 .57958
 84   .63124 .62531 .61949 .61376 .60813 .60259 .59715

 

 85   .64800 .64224 .63657 .63099 .62550 .62010 .61478
 86   .66461 .65902 .65351 .64810 .64276 .63751 .63233
 87   .68083 .67541 .67008 .66483 .65965 .65455 .64953
 88   .69663 .69140 .68624 .68116 .67615 .67121 .66634
 89   .71201 .70696 .70199 .69708 .69224 .68747 .68276

 

 90   .72694 .72209 .71730 .71257 .70791 .70330 .69876
 91   .74117 .73650 .73190 .72735 .72286 .71842 .71404
 92   .75439 .74991 .74548 .74110 .73678 .73251 .72829
 93   .76664 .76233 .75806 .75385 .74969 .74557 .74150
 94   .77809 .77394 .76983 .76578 .76177 .75780 .75388

 

 95   .78899 .78500 .78106 .77715 .77329 .76947 .76569
 96   .79928 .79544 .79165 .78790 .78418 .78050 .77686
 97   .80883 .80514 .80149 .79787 .79430 .79075 .78725
 98   .81781 .81427 .81075 .80727 .80382 .80041 .79703
 99   .82661 .82320 .81982 .81648 .81316 .80988 .80662

 

100   .83519 .83192 .82868 .82547 .82228 .81913 .81600
101   .84368 .84055 .83744 .83437 .83131 .82829 .82529
102   .85203 .84904 .84607 .84313 .84021 .83731 .83444
103   .86034 .85748 .85465 .85184 .84906 .84629 .84355
104   .86923 .86653 .86385 .86119 .85855 .85593 .85333

 

105   .87792 .87537 .87283 .87032 .86782 .86534 .86287
106   .88918 .88683 .88450 .88218 .87987 .87758 .87530
107   .90291 .90082 .89873 .89666 .89460 .89255 .89051
108   .92455 .92288 .92123 .91958 .91794 .91630 .91468
109   .96211 .96125 .96041 .95956 .95872 .95788 .95704
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE     9.6%   9.8%  10.0%
=====================================================================
  0   .01578 .01546 .01516
  1   .00756 .00722 .00691
  2   .00753 .00717 .00684
  3   .00775 .00737 .00702
  4   .00810 .00770 .00733

 

  5   .00856 .00814 .00775
  6   .00910 .00865 .00824
  7   .00972 .00925 .00881
  8   .01041 .00991 .00945
  9   .01120 .01068 .01019

 

 10   .01210 .01154 .01103
 11   .01310 .01251 .01196
 12   .01419 .01357 .01299
 13   .01533 .01467 .01407
 14   .01646 .01578 .01514

 

 15   .01756 .01684 .01617
 16   .01860 .01785 .01714
 17   .01960 .01880 .01806
 18   .02056 .01972 .01894
 19   .02154 .02066 .01984

 

 20   .02258 .02165 .02079
 21   .02368 .02271 .02180
 22   .02484 .02382 .02286
 23   .02608 .02500 .02400
 24   .02741 .02628 .02522

 

 25   .02887 .02768 .02656
 26   .03044 .02919 .02802
 27   .03217 .03085 .02962
 28   .03402 .03263 .03133
 29   .03600 .03455 .03318

 

 30   .03812 .03659 .03515
 31   .04037 .03876 .03725
 32   .04276 .04107 .03948
 33   .04532 .04355 .04188
 34   .04805 .04619 .04444

 

 35   .05097 .04902 .04718
 36   .05409 .05205 .05012
 37   .05742 .05528 .05325
 38   .06099 .05874 .05662
 39   .06480 .06245 .06023

 

 40   .06889 .06643 .06411
 41   .07329 .07072 .06828
 42   .07800 .07531 .07277
 43   .08304 .08024 .07758
 44   .08841 .08549 .08272

 

 45   .09410 .09106 .08817
 46   .10013 .09696 .09395
 47   .10646 .10317 .10004
 48   .11313 .10972 .10646
 49   .12015 .11661 .11322

 

 50   .12754 .12388 .12037
 51   .13532 .13153 .12789
 52   .14345 .13953 .13577
 53   .15194 .14789 .14400
 54   .16078 .15661 .15260

 

 55   .17001 .16571 .16157
 56   .17962 .17519 .17093
 57   .18961 .18507 .18069
 58   .19996 .19530 .19080
 59   .21062 .20584 .20123

 

 60   .22158 .21669 .21196
 61   .23288 .22787 .22304
 62   .24456 .23945 .23451

 

 63   .25666 .25145 .24641
 64   .26915 .26384 .25870

 

 65   .28203 .27663 .27140
 66   .29536 .28987 .28456
 67   .30918 .30363 .29823
 68   .32349 .31787 .31240
 69   .33824 .33256 .32703
 70   .35335 .34762 .34204

 

 71   .36875 .36298 .35736
 72   .38438 .37858 .37293
 73   .40022 .39440 .38872
 74   .41632 .41049 .40479

 

 75   .43277 .42693 .42123
 76   .44963 .44380 .43811
 77   .46690 .46111 .45543
 78   .48457 .47881 .47317
 79   .50251 .49681 .49122

 

 80   .52056 .51492 .50939
 81   .53856 .53300 .52754
 82   .55641 .55094 .54557
 83   .57411 .56874 .56346
 84   .59179 .58652 .58134

 

 85   .60955 .60441 .59934
 86   .62724 .62222 .61728
 87   .64458 .63970 .63489
 88   .66154 .65680 .65213
 89   .67811 .67353 .66900

 

 90   .69427 .68984 .68547
 91   .70972 .70545 .70123
 92   .72412 .72000 .71593
 93   .73748 .73350 .72957
 94   .75000 .74616 .74237

 

 95   .76195 .75826 .75460
 96   .77326 .76970 .76617
 97   .78377 .78033 .77693
 98   .79368 .79036 .78708
 99   .80340 .80020 .79704

 

100   .81290 .80982 .80678
101   .82231 .81936 .81643
102   .83159 .82876 .82596
103   .84082 .83812 .83544
104   .85074 .84818 .84563

 

105   .86042 .85799 .85557
106   .87304 .87079 .86855
107   .88849 .88647 .88447
108   .91306 .91145 .90984
109   .95620 .95537 .95455
_____________________________________________________________________

                            INTEREST RATE

=====================================================================
AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%
=====================================================================
  0   .01488 .01463 .01439 .01417 .01396 .01377 .01359
  1   .00662 .00636 .00612 .00589 .00568 .00548 .00530
  2   .00654 .00626 .00600 .00576 .00554 .00533 .00514
  3   .00670 .00641 .00613 .00588 .00564 .00542 .00522
  4   .00699 .00668 .00639 .00612 .00587 .00563 .00542

 

  5   .00739 .00706 .00675 .00646 .00620 .00595 .00571
  6   .00786 .00751 .00718 .00687 .00659 .00633 .00608
  7   .00841 .00803 .00769 .00736 .00706 .00678 .00652
  8   .00902 .00863 .00826 .00791 .00759 .00730 .00702
  9   .00973 .00931 .00892 .00856 .00822 .00790 .00760

 

 10   .01055 .01010 .00969 .00930 .00894 .00861 .00829
 11   .01146 .01099 .01055 .01014 .00976 .00940 .00907
 12   .01246 .01196 .01150 .01106 .01066 .01028 .00993
 13   .01351 .01298 .01249 .01204 .01161 .01121 .01084
 14   .01455 .01400 .01348 .01300 .01255 .01213 .01173

 

 15   .01555 .01497 .01443 .01392 .01345 .01300 .01259
 16   .01648 .01587 .01530 .01477 .01427 .01380 .01336
 17   .01737 .01673 .01612 .01556 .01504 .01455 .01408
 18   .01822 .01754 .01691 .01632 .01576 .01525 .01476
 19   .01908 .01837 .01770 .01708 .01650 .01595 .01544

 

 20   .01999 .01924 .01854 .01788 .01726 .01669 .01615
 21   .02096 .02017 .01943 .01874 .01809 .01748 .01691
 22   .02197 .02114 .02036 .01963 .01895 .01830 .01770
 23   .02306 .02218 .02136 .02059 .01987 .01919 .01855
 24   .02424 .02331 .02245 .02163 .02087 .02016 .01948

 

 25   .02552 .02455 .02364 .02278 .02197 .02122 .02051
 26   .02692 .02589 .02493 .02403 .02318 .02238 .02162
 27   .02846 .02738 .02636 .02541 .02451 .02367 .02287
 28   .03012 .02898 .02791 .02690 .02595 .02506 .02422
 29   .03190 .03070 .02957 .02851 .02751 .02656 .02567

 

 30   .03381 .03254 .03135 .03023 .02917 .02817 .02723
 31   .03583 .03450 .03324 .03206 .03094 .02989 .02890
 32   .03799 .03659 .03527 .03402 .03284 .03173 .03068
 33   .04031 .03883 .03744 .03612 .03488 .03371 .03260
 34   .04279 .04123 .03976 .03838 .03707 .03583 .03465

 

 35   .04545 .04382 .04227 .04081 .03943 .03812 .03688
 36   .04830 .04658 .04495 .04341 .04196 .04058 .03927
 37   .05134 .04953 .04782 .04620 .04467 .04321 .04183
 38   .05462 .05272 .05092 .04921 .04760 .04606 .04461
 39   .05812 .05613 .05424 .05245 .05075 .04913 .04760

 

 40   .06190 .05981 .05782 .05594 .05415 .05245 .05083
 41   .06597 .06378 .06170 .05972 .05784 .05605 .05435
 42   .07035 .06806 .06587 .06380 .06182 .05994 .05815
 43   .07505 .07265 .07036 .06818 .06611 .06414 .06225
 44   .08008 .07757 .07518 .07290 .07072 .06865 .06667

 

 45   .08542 .08279 .08029 .07791 .07563 .07346 .07138
 46   .09108 .08834 .08573 .08324 .08085 .07858 .07640
 47   .09705 .09419 .09147 .08886 .08637 .08399 .08172
 48   .10335 .10038 .09754 .09482 .09222 .08973 .08735
 49   .10999 .10690 .10394 .10111 .09840 .09581 .09332

 

 50   .11701 .11380 .11073 .10778 .10496 .10225 .09965
 51   .12441 .12108 .11789 .11482 .11189 .10907 .10636
 52   .13217 .12871 .12540 .12222 .11916 .11623 .11341
 53   .14028 .13670 .13327 .12997 .12680 .12375 .12082
 54   .14875 .14505 .14150 .13808 .13480 .13163 .12859

 

 55   .15760 .15378 .15011 .14657 .14317 .13989 .13674
 56   .16684 .16290 .15911 .15546 .15194 .14855 .14528
 57   .17648 .17242 .16851 .16474 .16111 .15760 .15422
 58   .18647 .18229 .17827 .17438 .17064 .16702 .16353
 59   .19678 .19249 .18835 .18435 .18049 .17676 .17316

 

 60   .20740 .20300 .19875 .19464 .19066 .18682 .18311
 61   .21837 .21385 .20949 .20527 .20119 .19724 .19341
 62   .22973 .22511 .22064 .21631 .21212 .20807 .20414
 63   .24152 .23680 .23222 .22779 .22350 .21934 .21530
 64   .25372 .24890 .24422 .23969 .23529 .23103 .22690

 

 65   .26633 .26141 .25664 .25201 .24752 .24316 .23893
 66   .27940 .27439 .26953 .26481 .26023 .25577 .25145
 67   .29299 .28790 .28296 .27815 .27348 .26894 .26453
 68   .30709 .30193 .29691 .29202 .28728 .28265 .27816
 69   .32166 .31643 .31134 .30639 .30157 .29687 .29230
 70   .33661 .33133 .32618 .32116 .31628 .31152 .30688

 

 71   .35188 .34654 .34134 .33627 .33133 .32651 .32181
 72   .36742 .36204 .35679 .35168 .34668 .34181 .33706
 73   .38317 .37776 .37248 .36733 .36229 .35738 .35257
 74   .39923 .39380 .38849 .38330 .37823 .37328 .36844

 

 75   .41566 .41021 .40489 .39968 .39459 .38961 .38474
 76   .43254 .42709 .42176 .41655 .41144 .40645 .40156
 77   .44988 .44444 .43912 .43391 .42880 .42380 .41891
 78   .46765 .46224 .45694 .45174 .44665 .44166 .43677
 79   .48574 .48037 .47510 .46993 .46487 .45990 .45502

 

 80   .50397 .49865 .49343 .48830 .48327 .47834 .47349
 81   .52219 .51693 .51176 .50669 .50171 .49682 .49201
 82   .54029 .53510 .53000 .52499 .52007 .51523 .51047
 83   .55826 .55315 .54813 .54319 .53834 .53356 .52886
 84   .57624 .57123 .56629 .56144 .55666 .55195 .54732

 

 85   .59435 .58944 .58460 .57984 .57516 .57054 .56599
 86   .61241 .60762 .60289 .59824 .59365 .58913 .58468
 87   .63015 .62548 .62087 .61633 .61185 .60744 .60309
 88   .64753 .64299 .63851 .63409 .62973 .62543 .62118
 89   .66454 .66013 .65579 .65150 .64726 .64308 .63895

 

 90   .68115 .67689 .67268 .66853 .66442 .66037 .65637
 91   .69706 .69294 .68887 .68486 .68089 .67696 .67309
 92   .71190 .70792 .70399 .70011 .69627 .69247 .68872
 93   .72569 .72184 .71804 .71429 .71057 .70689 .70326
 94   .73861 .73490 .73123 .72759 .72400 .72044 .71692

 

 95   .75097 .74739 .74384 .74033 .73686 .73342 .73002
 96   .76267 .75922 .75579 .75240 .74905 .74572 .74243
 97   .77356 .77022 .76691 .76363 .76039 .75718 .75399
 98   .78382 .78059 .77740 .77423 .77110 .76799 .76491
 99   .79390 .79079 .78771 .78465 .78162 .77862 .77565

 

100   .80376 .80076 .79779 .79485 .79193 .78904 .78617
101   .81353 .81066 .80780 .80497 .80217 .79938 .79662
102   .82318 .82042 .81768 .81496 .81227 .80960 .80694
103   .83278 .83014 .82752 .82491 .82233 .81977 .81723
104   .84310 .84059 .83810 .83563 .83317 .83073 .82831

 

105   .85318 .85079 .84843 .84607 .84374 .84142 .83911
106   .86633 .86413 .86193 .85975 .85758 .85543 .85329
107   .88247 .88049 .87852 .87656 .87460 .87266 .87073
108   .90825 .90666 .90507 .90350 .90193 .90037 .89881
109   .95372 .95290 .95208 .95126 .95045 .94964 .94883
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE    11.6%  11.8%  12.0%
=====================================================================
  0   .01343 .01327 .01312
  1   .00513 .00497 .00482
  2   .00496 .00479 .00463
  3   .00502 .00484 .00468
  4   .00521 .00502 .00484

 

  5   .00550 .00529 .00510
  6   .00585 .00563 .00543
  7   .00627 .00604 .00582
  8   .00675 .00651 .00628
  9   .00733 .00706 .00682

 

 10   .00799 .00772 .00746
 11   .00875 .00846 .00818
 12   .00960 .00928 .00899
 13   .01049 .01016 .00985
 14   .01136 .01102 .01069

 

 15   .01220 .01183 .01148
 16   .01295 .01257 .01220
 17   .01365 .01324 .01286
 18   .01430 .01387 .01347
 19   .01495 .01450 .01407

 

 20   .01564 .01516 .01471
 21   .01637 .01586 .01539
 22   .01713 .01660 .01610
 23   .01795 .01739 .01686
 24   .01885 .01825 .01769

 

 25   .01984 .01920 .01861
 26   .02091 .02025 .01961
 27   .02212 .02141 .02074
 28   .02342 .02267 .02196
 29   .02483 .02404 .02329

 

 30   .02634 .02551 .02471
 31   .02796 .02707 .02623
 32   .02968 .02874 .02785
 33   .03155 .03055 .02961
 34   .03354 .03249 .03149

 

 35   .03571 .03459 .03354
 36   .03803 .03685 .03573
 37   .04052 .03928 .03809
 38   .04322 .04191 .04066
 39   .04614 .04475 .04343

 

 40   .04929 .04783 .04643
 41   .05272 .05118 .04970
 42   .05644 .05481 .05326
 43   .06045 .05874 .05710
 44   .06478 .06298 .06125

 

 45   .06940 .06750 .06569
 46   .07432 .07233 .07043
 47   .07954 .07745 .07545
 48   .08507 .08288 .08078
 49   .09093 .08864 .08644

 

 50   .09716 .09477 .09247
 51   .10376 .10126 .09886
 52   .11071 .10810 .10560
 53   .11801 .11529 .11268
 54   .12566 .12284 .12012

 

 55   .13370 .13077 .12794
 56   .14213 .13909 .13615
 57   .15096 .14781 .14477
 58   .16015 .15689 .15374
 59   .16968 .16631 .16305

 

 60   .17952 .17604 .17268
 61   .18971 .18613 .18266
 62   .20033 .19664 .19306
 63   .21139 .20760 .20392
 64   .22289 .21899 .21521

 

 65   .23482 .23083 .22695
 66   .24724 .24316 .23918
 67   .26024 .25606 .25200
 68   .27378 .26952 .26537
 69   .28785 .28351 .27928
 70   .30235 .29794 .29364

 

 71   .31722 .31275 .30838
 72   .33241 .32788 .32345
 73   .34788 .34330 .33882
 74   .36370 .35908 .35455

 

 75   .37997 .37531 .37074
 76   .39677 .39208 .38749
 77   .41411 .40940 .40479
 78   .43197 .42726 .42265
 79   .45024 .44554 .44094

 

 80   .46873 .46406 .45947
 81   .48729 .48265 .47809
 82   .50580 .50120 .49667
 83   .52424 .51969 .51522
 84   .54277 .53828 .53386

 

 85   .56151 .55710 .55275
 86   .58029 .57596 .57170
 87   .59880 .59456 .59039
 88   .61700 .61287 .60879
 89   .63488 .63086 .62689

 

 90   .65241 .64851 .64465
 91   .66925 .66547 .66173
 92   .68501 .68134 .67771
 93   .69967 .69611 .69259
 94   .71344 .71000 .70659

 

 95   .72665 .72331 .72001
 96   .73917 .73595 .73275
 97   .75084 .74772 .74463
 98   .76186 .75884 .75584
 99   .77270 .76978 .76688

 

100   .78333 .78051 .77771
101   .79388 .79117 .78847
102   .80431 .80170 .79911
103   .81470 .81220 .80971
104   .82591 .82352 .82115

 

105   .83682 .83455 .83229
106   .85116 .84904 .84694
107   .86881 .86690 .86500
108   .89727 .89572 .89419
109   .94803 .94723 .94643
_____________________________________________________________________

                            INTEREST RATE

=====================================================================
AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%
=====================================================================
  0   .01298 .01285 .01273 .01261 .01250 .01240 .01230
  1   .00468 .00455 .00443 .00431 .00420 .00410 .00400
  2   .00448 .00435 .00421 .00409 .00398 .00387 .00376
  3   .00452 .00437 .00423 .00410 .00398 .00386 .00375
  4   .00468 .00452 .00437 .00423 .00410 .00397 .00386

 

  5   .00493 .00476 .00460 .00445 .00431 .00418 .00405
  6   .00524 .00506 .00489 .00473 .00458 .00444 .00430
  7   .00562 .00543 .00525 .00508 .00492 .00477 .00462
  8   .00606 .00586 .00566 .00548 .00531 .00515 .00499
  9   .00659 .00637 .00616 .00597 .00579 .00561 .00545

 

 10   .00721 .00698 .00676 .00655 .00636 .00617 .00600
 11   .00792 .00767 .00744 .00722 .00701 .00682 .00663
 12   .00871 .00845 .00821 .00797 .00775 .00754 .00735
 13   .00955 .00928 .00902 .00877 .00854 .00831 .00810
 14   .01038 .01009 .00981 .00955 .00930 .00907 .00885

 

 15   .01116 .01085 .01056 .01028 .01002 .00977 .00954
 16   .01186 .01153 .01123 .01094 .01066 .01040 .01015
 17   .01250 .01215 .01183 .01152 .01124 .01096 .01070
 18   .01308 .01272 .01238 .01206 .01175 .01147 .01119
 19   .01367 .01329 .01293 .01259 .01227 .01196 .01167

 

 20   .01428 .01388 .01350 .01314 .01280 .01248 .01217
 21   .01494 .01451 .01411 .01373 .01337 .01303 .01271
 22   .01562 .01517 .01475 .01435 .01397 .01361 .01326
 23   .01635 .01588 .01543 .01501 .01460 .01422 .01386
 24   .01716 .01665 .01618 .01573 .01530 .01489 .01451

 

 25   .01804 .01751 .01701 .01653 .01608 .01565 .01524
 26   .01902 .01845 .01792 .01741 .01693 .01648 .01604
 27   .02011 .01951 .01895 .01841 .01790 .01742 .01696
 28   .02129 .02066 .02006 .01949 .01895 .01844 .01795
 29   .02258 .02191 .02127 .02067 .02009 .01955 .01903

 

 30   .02396 .02325 .02257 .02193 .02132 .02074 .02019
 31   .02543 .02467 .02396 .02328 .02263 .02201 .02143
 32   .02701 .02621 .02545 .02472 .02404 .02338 .02276
 33   .02871 .02786 .02706 .02629 .02556 .02487 .02420
 34   .03054 .02964 .02879 .02797 .02720 .02646 .02576

 

 35   .03253 .03158 .03067 .02981 .02898 .02820 .02745
 36   .03467 .03366 .03269 .03178 .03090 .03007 .02928
 37   .03697 .03590 .03488 .03391 .03298 .03209 .03125
 38   .03947 .03833 .03725 .03622 .03524 .03430 .03340
 39   .04217 .04096 .03982 .03873 .03768 .03669 .03573

 

 40   .04510 .04383 .04262 .04146 .04035 .03930 .03828
 41   .04830 .04695 .04567 .04445 .04327 .04215 .04108
 42   .05177 .05035 .04900 .04770 .04646 .04527 .04413
 43   .05553 .05404 .05261 .05123 .04992 .04866 .04746
 44   .05960 .05802 .05651 .05506 .05368 .05235 .05107

 

 45   .06395 .06229 .06069 .05917 .05770 .05630 .05495
 46   .06860 .06685 .06517 .06356 .06202 .06053 .05911
 47   .07353 .07169 .06992 .06823 .06660 .06504 .06353
 48   .07877 .07684 .07498 .07320 .07149 .06984 .06826
 49   .08433 .08231 .08036 .07849 .07669 .07495 .07329

 

 50   .09026 .08814 .08609 .08413 .08224 .08042 .07867
 51   .09655 .09433 .09219 .09013 .08815 .08624 .08440
 52   .10318 .10086 .09863 .09647 .09439 .09239 .09046
 53   .11017 .10774 .10541 .10315 .10098 .09888 .09686
 54   .11750 .11498 .11254 .11019 .10792 .10572 .10361

 

 55   .12522 .12258 .12005 .11759 .11522 .11294 .11072
 56   .13332 .13059 .12794 .12539 .12292 .12054 .11823
 57   .14183 .13899 .13624 .13359 .13102 .12853 .12613
 58   .15070 .14775 .14490 .14215 .13948 .13689 .13439
 59   .15990 .15685 .15389 .15103 .14826 .14558 .14298

 

 60   .16942 .16626 .16321 .16024 .15737 .15459 .15189
 61   .17929 .17603 .17287 .16981 .16684 .16395 .16115
 62   .18960 .18623 .18297 .17980 .17673 .17375 .17085
 63   .20035 .19688 .19352 .19025 .18708 .18400 .18100
 64   .21154 .20797 .20451 .20114 .19787 .19469 .19159

 

 65   .22318 .21951 .21595 .21249 .20912 .20584 .20265
 66   .23532 .23156 .22790 .22434 .22088 .21751 .21422
 67   .24804 .24419 .24044 .23679 .23324 .22977 .22640
 68   .26133 .25740 .25356 .24983 .24618 .24263 .23917
 69   .27516 .27114 .26723 .26341 .25969 .25605 .25251
 70   .28945 .28536 .28137 .27747 .27367 .26996 .26633

 

 71   .30412 .29996 .29590 .29193 .28806 .28427 .28057
 72   .31913 .31491 .31078 .30675 .30281 .29895 .29519
 73   .33444 .33016 .32597 .32188 .31788 .31396 .31013
 74   .35012 .34579 .34155 .33741 .33335 .32938 .32549

 

 75   .36628 .36190 .35762 .35343 .34932 .34530 .34136
 76   .38299 .37858 .37427 .37004 .36589 .36183 .35784
 77   .40028 .39585 .39151 .38725 .38307 .37898 .37496
 78   .41812 .41368 .40933 .40506 .40086 .39675 .39271
 79   .43641 .43198 .42762 .42334 .41914 .41502 .41096

 

 80   .45496 .45054 .44619 .44192 .43772 .43360 .42954
 81   .47360 .46920 .46487 .46061 .45643 .45231 .44827
 82   .49223 .48785 .48355 .47932 .47516 .47106 .46703
 83   .51081 .50648 .50221 .49802 .49388 .48982 .48581
 84   .52951 .52523 .52101 .51686 .51277 .50874 .50477

 

 85   .54847 .54425 .54009 .53600 .53196 .52798 .52406
 86   .56749 .56335 .55926 .55523 .55126 .54734 .54348
 87   .58627 .58221 .57820 .57425 .57035 .56650 .56270
 88   .60477 .60079 .59688 .59301 .58919 .58542 .58170
 89   .62297 .61909 .61527 .61149 .60776 .60408 .60044

 

 90   .64084 .63707 .63335 .62968 .62604 .62246 .61891
 91   .65803 .65437 .65076 .64719 .64366 .64017 .63672
 92   .67412 .67058 .66707 .66360 .66017 .65678 .65342
 93   .68911 .68567 .68227 .67890 .67557 .67227 .66901
 94   .70321 .69988 .69657 .69330 .69006 .68686 .68369

 

 95   .71674 .71351 .71031 .70713 .70399 .70088 .69781
 96   .72959 .72646 .72335 .72028 .71724 .71422 .71123
 97   .74156 .73853 .73552 .73254 .72959 .72666 .72376
 98   .75287 .74993 .74702 .74413 .74126 .73842 .73561
 99   .76401 .76117 .75834 .75555 .75277 .75002 .74730

 

100   .77494 .77219 .76946 .76676 .76408 .76142 .75878
101   .78580 .78315 .78052 .77791 .77532 .77275 .77021
102   .79654 .79399 .79146 .78894 .78645 .78397 .78152
103   .80724 .80479 .80236 .79994 .79755 .79517 .79280
104   .81879 .81646 .81413 .81183 .80954 .80726 .80501

 

105   .83005 .82782 .82560 .82340 .82121 .81904 .81688
106   .84485 .84277 .84071 .83866 .83662 .83459 .83257
107   .86311 .86124 .85937 .85751 .85566 .85382 .85199
108   .89266 .89114 .88963 .88812 .88662 .88513 .88364
109   .94563 .94484 .94405 .94326 .94248 .94170 .94092
_____________________________________________________________________

                          [table continued]

=====================================================================
AGE    13.6%  13.8%  14.0%
=====================================================================
  0   .01221 .01212 .01203
  1   .00391 .00382 .00374
  2   .00366 .00357 .00348
  3   .00365 .00355 .00345
  4   .00375 .00364 .00354

 

  5   .00393 .00382 .00371
  6   .00418 .00406 .00394
  7   .00449 .00436 .00423
  8   .00485 .00471 .00458
  9   .00529 .00514 .00500

 

 10   .00583 .00567 .00552
 11   .00645 .00628 .00612
 12   .00716 .00698 .00681
 13   .00790 .00771 .00753
 14   .00864 .00843 .00824

 

 15   .00932 .00910 .00890
 16   .00992 .00969 .00948
 17   .01045 .01022 .00999
 18   .01093 .01068 .01044
 19   .01140 .01113 .01088

 

 20   .01188 .01161 .01134
 21   .01240 .01211 .01183
 22   .01294 .01263 .01233
 23   .01351 .01319 .01287
 24   .01415 .01380 .01347

 

 25   .01485 .01448 .01413
 26   .01563 .01524 .01487
 27   .01652 .01610 .01571
 28   .01748 .01704 .01662
 29   .01853 .01806 .01762

 

 30   .01966 .01916 .01869
 31   .02087 .02034 .01983
 32   .02217 .02160 .02106
 33   .02357 .02297 .02240
 34   .02509 .02445 .02383

 

 35   .02674 .02606 .02541
 36   .02852 .02779 .02710
 37   .03044 .02967 .02893
 38   .03254 .03172 .03094
 39   .03482 .03395 .03312

 

 40   .03732 .03639 .03550
 41   .04005 .03907 .03812
 42   .04304 .04200 .04100
 43   .04630 .04520 .04413
 44   .04985 .04867 .04754

 

 45   .05365 .05241 .05121
 46   .05774 .05643 .05516
 47   .06209 .06070 .05936
 48   .06673 .06527 .06385
 49   .07168 .07013 .06864

 

 50   .07698 .07535 .07378
 51   .08262 .08091 .07926
 52   .08860 .08680 .08506
 53   .09491 .09302 .09120
 54   .10156 .09958 .09767

 

 55   .10859 .10652 .10451
 56   .11599 .11383 .11174
 57   .12380 .12154 .11936
 58   .13197 .12962 .12734
 59   .14046 .13801 .13564

 

 60   .14927 .14673 .14426
 61   .15844 .15580 .15324
 62   .16803 .16530 .16264
 63   .17809 .17525 .17250
 64   .18859 .18566 .18281

 

 65   .19955 .19652 .19358
 66   .21102 .20791 .20487
 67   .22311 .21990 .21678
 68   .23579 .23250 .22929
 69   .24905 .24567 .24237
 70   .26279 .25934 .25596

 

 71   .27696 .27343 .26998
 72   .29150 .28790 .28438
 73   .30638 .30271 .29913
 74   .32168 .31795 .31430

 

 75   .33750 .33372 .33001
 76   .35394 .35011 .34636
 77   .37103 .36716 .36337
 78   .38874 .38485 .38103
 79   .40698 .40308 .39924

 

 80   .42556 .42164 .41779
 81   .44429 .44038 .43653
 82   .46307 .45916 .45532
 83   .48187 .47799 .47416
 84   .50086 .49701 .49321

 

 85   .52019 .51638 .51262
 86   .53966 .53591 .53220
 87   .55895 .55526 .55161
 88   .57802 .57439 .57081
 89   .59685 .59330 .58979

 

 90   .61540 .61194 .60851
 91   .63330 .62993 .62659
 92   .65010 .64682 .64357
 93   .66578 .66258 .65942
 94   .68055 .67744 .67437

 

 95   .69476 .69174 .68875
 96   .70828 .70534 .70244
 97   .72089 .71804 .71522
 98   .73282 .73006 .72732
 99   .74459 .74191 .73926

 

100   .75616 .75357 .75099
101   .76768 .76517 .76268
102   .77908 .77666 .77426
103   .79046 .78813 .78582
104   .80276 .80054 .79832

 

105   .81474 .81260 .81049
106   .83057 .82857 .82659
107   .85017 .84835 .84655
108   .88216 .88068 .87922
109   .94014 .93937 .93860
_____________________________________________________________________

                             LIFE TABLE

                             TABLE 90CM
                   APPLICABLE AFTER APRIL 30, 1999

Age x       l(x)          Age x        l(x)          Age x      l(x)
=====================================================================
(1)        (2)            (1)         (2)            (1)       (2)

 0       100000           37         95969           74       62852
 1        99064           38         95780           75       60449
 2        98992           39         95581           76       57955
 3        98944           40         95373           77       55373
 4        98907           41         95156           78       52704

 5        98877           42         94928           79       49943
 6        98850           43         94687           80       47084
 7        98826           44         94431           81       44129
 8        98803           45         94154           82       41091
 9        98783           46         93855           83       37994

10        98766           47         93528           84       34876
11        98750           48         93173           85       31770
12        98734           49         92787           86       28687
13        98713           50         92370           87       25638
14        98681           51         91918           88       22658

15        98635           52         91424           89       19783
16        98573           53         90885           90       17046
17        98497           54         90297           91       14466
18        98409           55         89658           92       12066
19        98314           56         88965           93        9884

20        98215           57         88214           94        7951
21        98113           58         87397           95        6282
22        98006           59         86506           96        4868
23        97896           60         85537           97        3694
24        97784           61         84490           98        2745

25        97671           62         83368           99        1999
26        97556           63         82169          100        1424
27        97441           64         80887          101         991
28        97322           65         79519          102         672
29        97199           66         78066          103         443

30        97070           67         76531          104         284
31        96934           68         74907          105         175
32        96791           69         73186          106         105
33        96642           70         71357          107          60
34        96485           71         69411          108          33

35        96322           72         67344          109          17
36        96150           73         65154          110           0
_____________________________________________________________________

(e) Effective dates. This section applies after April 30, 1999.

Par. 20 Section 20.2055-2 is amended by revising paragraph (f)(4) to read as follows:

Section 20.2055-2 Transfers not exclusively for charitable purposes.

* * * * *

(f) * * *

(4) Other decedents. The present value of an interest not described in paragraph (f)(2) of this section is to be determined under section 20.2031-7T(d) in the case of decedents where the valuation date of the gross estate is after April 30, 1999, or under section 20.2031-7A in the case of decedents where the valuation date of the gross estate is before May 1, 1999.

* * * * *

Par. 21. Section 20.7520-1 is amended as follows:

1. Paragraph (b)(2), last two sentences are revised.

2. Headings for paragraphs (c)(1) and (c)(2) are revised.

3. Paragraph (c)(2) introductory text is revised.

4. Paragraph (c)(2)(iii) is amended by removing the first two sentences and adding one sentence in their place.

5. Paragraph (d) is revised.

The revised and added provisions read as follows:

Section 20.7520-1 Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests.

* * * * *

(b) * * *

(2) * * * For decedents' estates with valuation dates after April 30, 1989, and before May 1, 1999, the mortality component table (Table 80CNSMT) is included in section 20.2031-7A(e)(4). See section 20.2031-7A(a) through (d) for mortality component tables applicable to decedents' estates with valuation dates before May 1, 1989.

(c) * * *

(1) Regulations sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1989, and before May 1, 1999. * * *

(2) Internal Revenue Service publications containing tables with interest rates between 2.2. and 26 percent for valuation dates after April 30, 1989, and before May 1, 1999. The following publications are no longer available from the Superintendent of Documents, however, they may be obtained from: CC:DOM:CORP:R, room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Gamma Volume," (8-89). * * *

(d) Effective date. This section applies after April 30, 1989, and before May 1, 1999.

Par. 22. Section 20.7520-1T is added to read as follows:

Section 20.7520-1T Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests (temporary).

(a) (1) [Reserved]. For further guidance, see section 20.7520- 1(a)1).

(2) In the case of a transfer to a pooled income fund with a valuation date after April 30, 1999, see section 1.642(c)-6T(e) (or, for certain prior periods, section 1.642(c)-6A) of this chapter (Income Tax Regulations) with respect to the valuation of the remainder interest.

(a)(3) through (b)(1) [Reserved]. For further guidance, see section 20.7520-1(a)(3) through (b)(1).

(b)(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States Census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the mortality component tables will be published in the regulations at that time. For decedents' estates with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is included in section 20.2031-7T(d)(7). See section 20.2031-7A for mortality component tables applicable to decedent's estates with valuation dates before May 1, 1999.

(c) [Reserved]. For further guidance, see section 20.7520-1(c).

(1) Regulation sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1999. Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in section 1.642(c)-5 of this chapter. See section 1.642(c)-6A of this chapter for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this chapter contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4T(e)(7) of this chapter contains Table U(1) (actuarial factors for one life). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in section 1.664-3 of this chapter. See section 1.664-4A of this chapter for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 20.2031- 7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031- 7T(d)(7) contains Table S (actuarial factors for one life) and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See section 20.2031-7A for actuarial factors for one life and mortality components applicable to valuation dates before May 1, 1999.

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:

(i) Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in section 1.664-2 of this chapter (Income Tax Regulations) and a pooled income fund as defined in section 1.642(c)-5 of this chapter.

(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in section 1.664-3 of this chapter.

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (1999). This publication includes tables for computing depreciation adjustment factors. See section 1.170A-12T of this chapter.

(d) Effective date. This section applies after April 30, 1999.

PART 25--GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

Par. 23. The authority citation for part 25 is amended by adding entries in numerical order to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Section 25.2512-5T also issued under 26 U.S.C. 7520(c)(2). * * *

Section 25.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 24. Section 25.2512-0 is revised to read as follows:

Section 25.2512-0 Table of contents.

This section lists the section headings that appear in the regulations under section 2512.

 

Section 25.2512-1   Valuation of property; in general.
Section 25.2512-2   Stocks and bonds.
Section 25.2512-3   Valuation of interest in businesses.
Section 25.2512-4   Valuation of notes.
Section 25.2512-5   Valuation of annuities, unitrust interests,
                    interests for life or term of years, and
                    remainder or reversionary interests.
Section 25.2512-5T  Valuation of annuities, unitrust interests,
                    interests for life or term of years, and
                    remainder or reversionary interests (temporary).
Section 25.2512-6   Valuation of certain life insurance and annuity
                    contracts; valuation of shares in an open-end
                    investment company.
Section 25.2512-7   Effect of excise tax.
Section 25.2512-8   Transfers for insufficient consideration.

Actuarial Tables Applicable Before May 1, 1999

Section 25.2512-5A Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests transferred before May 1, 1999.

Par. 25. Section 25.2512-5 is amended as follows:

1. The section heading is revised.

2. Paragraphs (c) and (d) are revised.

3. Paragraph (e) is revised.

The revised provisions read as follows:

Section 25.2512-5 Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests.

* * * * *

(c) and (d) [Reserved]. For further guidance, see section 25.2512-5T(c) and (d).

(e) Effective date. This section applies after April 30, 1989, and before May 1, 1999.

Par. 26. Section 25.2512-5T is added to read as follows:

Section 25.2512-5T Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests (temporary).

(a) and (b) [Reserved]. For further guidance, see section 25.2512-5(a) and (b).

(c) Actuarial valuations. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift after April 30, 1999, is determined under paragraph (d) of this section. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift before May 1, 1999, is determined under the following sections:

          Transfers                Applicable
     After         Before          Regulations
     _____         ______          ___________

       -          01-01-52         25.2512-5A(a)
    12-31-51      01-01-71         25.2512-5A(b)
    12-31-70      12-01-83         25.2512-5A(c)
    11-30-83      05-01-89         25.2512-5A(d)
    04-30-89      05-01-99         25.2512-5A(e)

(d) Actuarial valuations after April 30, 1999--(1) In general. Except as otherwise provided in paragraph (b) of this section and section 25.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances), if the valuation date for the gift is after April 30, 1999, the fair market value of annuities, life estates, terms of years, remainders, and reversions transferred after April 30, 1999, is the present value of such interests determined under paragraph (d)(2) of this section and by use of standard or special section 7520 actuarial factors. These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See sections 25.7520-1 through 25.7520-4. The fair market value of a qualified annuity interest described in section 2702(b)(1) and a qualified unitrust interest described in section 2702(b)(2) is the present value of such interests determined under section 25.7520-1(c).

(2) Specific interests. When the donor transfers property in trust or otherwise and retains an interest therein, generally, the value of the gift is the value of the property transferred less the value of the donor's retained interest. However, if the donor transfers property after October 8, 1990, to or for the benefit of a member of the donor's family, the value of the gift is the value of the property transferred less the value of the donor's retained interest as determined under section 2702. If the donor assigns or relinquishes an annuity, life estate, remainder, or reversion that the donor holds by virtue of a transfer previously made by the donor or another, the value of the gift is the value of the interest transferred. However, see section 2519 for a special rule in the case of the assignment of an income interest by a person who received the interest from a spouse.

(i) Charitable remainder trusts. The fair market value of a remainder interest in a pooled income fund, as defined in section 1.642(c)-5 of this chapter, is its value determined under section 1.642(c)-6T(e) of this chapter (see section 1.642(c)-6A for certain prior periods). The fair market value of a remainder interest in a charitable remainder annuity trust, as described in section 1.664- 2(a) of this chapter, is its present value determined under section 1.664- 2(c) of this chapter. The fair market value of a remainder interest in a charitable remainder unitrust, as defined in section 1.664-3 of this chapter, is its present value determined under section 1.664-4T(e) of this chapter. The fair market value of a life interest or term for years in a charitable remainder unitrust is the fair market value of the property as of the date of transfer less the fair market value of the remainder interest, determined under section 1.664-4T(e)(4) and (5) of this chapter.

(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in section 20.2031-7(d) of this chapter and Table S (for one measuring life when the valuation date is after April 30, 1999) is included in section 20.2031-7T(d)(7) of this chapter and Internal Revenue Service Publication 1457. See section 20.2031-7A(e)(4) of this chapter containing Table S and Life Table 80CNSMT for valuation of interests after April 30, 1989, and before May 1, 1999. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) Ordinary term-of-years and life interests. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain nonincome- producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for an interest for a term of years in Table B and for the life of one individual in Table S (for one measuring life when the valuation date is after April 30, 1999). However, term-of-years and life interest actuarial factors are not included in Table B in section 20.2031-7(d)(6) or Table S in section 20.2031-7T(d)(7) (or in section 20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate and the term of years or the life) in Table B (for a term of years) in section 20.2031-7(d)(6) of this chapter or in Table S (for the life of one individual) in section 20.2031-7T(d)(7) of this chapter, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Service Publication 1457 includes actuarial factors in Table B (for an annuity payable for a term of years) and in Table S (for an annuity payable for the life of one individual when the valuation date is after April 30, 1999). However, annuity actuarial factors are not included in Table B in section 20.2031-7(d)(6) of this chapter or Table S in section 20.2031-7T(d)(7) (or in section 20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, an annuity factor for a term of years or for one life may be derived mathematically. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in section 20.2031- 7(d)(6) of this chapter or in Table S (in the case of a one-life annuity) in section 20.2031- 7T(d)(7) of this chapter, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number. See section 20.2031-7T(d)(2)(iv) of this chapter for an example that illustrates the computation of the present value of an annuity.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor set forth in Table K in section 20.2031-7(d)(6) of this chapter at the appropriate interest rate component for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

Example. In July, the donor agreed to pay the annuitant the sum of $10,000 per year, payable in equal semiannual installments at the end of each period. The semiannual installments are to be made on each December 31st and June 30th. The annuity is payable until the annuitant's death. On the date of the agreement, the annuitant is 68 years and 5 months old. The donee annuitant's age is treated as 68 for purposes of computing the present value of the annuity. The section 7520 rate on the date of the agreement is 10.6 percent. Under Table S in section 20.2031-7T(d)(7) of this chapter, the factor at 10.6 percent for determining the present value of a remainder interest payable at the death of an individual aged 68 is .29691. Converting the remainder factor to an annuity factor, as described above, the annuity factor for determining the present value of an annuity transferred to an individual age 68 is 6.6329 (1.00000 minus .29691 divided by .106). The adjustment factor from Table K in section 20.2031-7(d)(6) of this chapter in the column for payments made at the end of each semiannual period at the rate of 10.6 percent is 1.0258. The aggregate annual amount of the annuity, $10,000, is multiplied by the factor 6.6329 and the product multiplied by 1.0258. The present value of the donee's annuity is, therefore, $68,040.29 ($10,000 X 6.6329 X 1.0258).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in section 20.2031-7(d)(6) of this chapter at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in paragraph (d)(2)(iv)(B) of this section.

(v) Annuity and unitrust interests for a term of years or until the prior death of an individual--(A) Annuity interests. The present value of an annuity interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in sections 20.2031-7(d)(6) and 20.2031-7T(d)(7) of this chapter as described in the following example:

Example. The donor transfers $100,000 into a trust and retains the right to receive an annuity from the trust in the amount of $6,000 per year, payable in equal semiannual installments at the end of each period. The semiannual installments are to be made on each June 30th and December 31st. The annuity is payable for 10 years or until the donor's prior death. At the time of the transfer, the donor is 59 years and 6 months old. The donor's age is taken as 60 for purposes of computing the present value of the retained annuity. The section 7520 rate for the month in which the transfer occurred is 9.8 percent. The present value of the donor's retained interest is $35,709.13, determined as follows:

     TABLE S  value at 9.8 percent, age 60 ...........   .21669
     TABLE S  value at 9.8 percent, age 70 ...........   .34762
     TABLE 90CM  value at age 70  ....................    71357
     TABLE 90CM  value at age 60  ....................    85537
     TABLE B  value at 9.8 percent, 10 years .........  .392624
     TABLE K  value at 9.8 percent ...................   1.0239

     Factor for donor's retained interest at 9.8 percent:

           (1.00000 - .21669) - (.392624 X (71357/85537) X
                    (1.00000 - .34762)) = 5.8126
           _______________________________________________
                                  .098

     Present value of donor's retained interest:

     ($6,000 X 5.8126 X 1.0239) ...........   $35,709.13

(B) Unitrust interests. The present value of a unitrust interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in sections 1.664-4(e)(6) and 1.664- 4T(e)(7) of this chapter as described in the following example:

Example. The donor who, as of the nearest birthday, is 60 years old, transfers $100,000 to a unitrust on January 1st. The trust instrument requires that each year the trust pay to the donor, in equal semiannual installments on June 30th and December 31st, 6 percent of the fair market value of the trust assets, valued as of January 1st each year, for 10 years or until the prior death of the donor. The section 7520 rate for the January in which the transfer occurred is 9.8 percent. Under Table F(9.8) in section 1.664-4(e)(6) of this chapter, the appropriate adjustment factor is .932539 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 5.595 percent (6% X .932539). The present value of the donor's retained interest is $40,848.00 determined as follows:

     TABLE U(1)  value at 5.6 percent, age 60 .....    .35375
     TABLE U(1)  value at 5.6 percent, age 70 .....    .49342
     TABLE 90CM  value at age 70 ..................     71357
     TABLE 90CM  value at age 60 ..................     85537
     TABLE D  value at 5.6 percent, 10 years  .....   .561979

     Factor for donor's retained interest at 5.6 percent:

          (1.000000 - .35375) - (.561979 X (71357/85537) X
                   (1.000000 - .49342))  =  .40876

     TABLE U(1)  value at 5.4 percent, age 60 ......   .36542
     TABLE U(1)  value at 5.4 percent, age 70 ......   .50473
     TABLE 90CM  value at age 70 ...................    71357
     TABLE 90CM  value at age 60 ...................    85537
     TABLE D  value at 5.4 percent, 10 years  ......  .573999

     Factor for donor's retained interest at 5.4 percent:

          (1.000000 - .36542) - (.573999 X (71357/85537) X
                   (1.000000 - .50473))  =  .39742
                                            ______
                           Difference       .01134

     Interpolation adjustment:

                     5.595% - 5.4%    =    x
                     ____________       ______
                         0.2%           .01134

                                x    =  .01106

     Factor at 5.4 percent, age 60 ...........         .39742
     Plus: Interpolation adjustment  .........         .01106
     Interpolated Factor .....................         .40848

     Present value of donor's retained interest:

              ($100,000 X .40848) ......     $40,848.00

(3) Transitional rule. If the valuation date of a transfer of property by gift is after April 30, 1999, and before July 1, 1999, the fair market value of the interest transferred is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (See sections 25.7520-1(b) and 25.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(2) of this section or section 25.2512-5A(e), at the option of the donor. However, with respect to each individual transaction and with respect to all transfers occurring on the valuation date, the donor must use the same actuarial tables (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all transfers made on the same date must be valued based on the same tables).

(4) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in section 20.2031-7(d)(6) or section 20.2031-7T(d)(7) of this chapter are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (1999). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. If a special factor is required in the case of a completed gift, the Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see sections 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.

(e) Effective dates. This section applies after April 30, 1999.

Par. 27. The undesignated centerheading immediately following section 25.2518-3 is revised to read as follows:

Actuarial Tables Applicable Before May 1, 1999

Par. 28. Section 25.2512-5A is amended by:

1. Revising the section heading.

2. Adding paragraph (e).

The revision and addition read as follows:

Section 25.2512-5A Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests transferred before May 1, 1999.

* * * * *

(e) Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred after April 30, 1989, and before May 1, 1999--(1) In general. Except as otherwise provided in sections 25.2512-5(b) and 25.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date of the transferred interest is after April 30, 1989, and before May 1, 1999, the fair market value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in section 25.2512-5T(d). Sections 20.2031-7(d)(6) and 20.2031-7A(e)(4) of this chapter and related sections provide tables with standard actuarial factors and examples that illustrate how to use the tables to compute the present value of ordinary annuity, life, and remainder interests in property. These sections also refer to standard and special actuarial factors that may be necessary to compute the present value of similar interests in more unusual fact situations. These factors and examples are also generally applicable for gift tax purposes in computing the values of taxable gifts.

(2) Transitional rule. (i) If the valuation date of a transfer of an interest in property by gift is after April 30, 1989, and before June 10, 1994, a donor can rely on Notice 89-24 (1989-1 C.B. 660), or Notice 89-60 (1989-1 C.B. 700), in valuing the transferred interest. (See section 601.601(d)(2)(ii)(b) of this chapter.)

(ii) If a donor transferred an interest in property by gift after December 31, 1988, and before May 1, 1989, retaining an interest in the same property, and after April 30, 1989, and before January 1, 1990, transferred the retained interest in property, the donor may, at the option of the donor, value the transfer of the retained interest under this paragraph (e) or paragraph (d) of this section.

(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in sections 20.2031-7(d)(6) and 20.2031- 7A(e)(4) of this chapter are included in Internal Revenue Service Publication 1457, "Actuarial Values, Alpha Volume," (8-89). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained from: CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of a completed gift, the Internal Revenue Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see sections 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.

Par. 29. Section 25.7520-1 is amended as follows:

1. Paragraph (b)(2), the last two sentences are revised.

2. The headings for paragraphs (c)(1) and (c)(2) are revised.

3. Paragraph (c)(2) introductory text is revised.

4. Paragraph (c)(2)(iii) is amended by removing the first two sentences and adding one sentence in their place.

5. Paragraph (d) is revised.

The revised and added provisions read as follows:

Section 25.7520-1 Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests.

* * * * *

(b) * * *

(2) * * * For gifts with valuation dates after April 30, 1989, and before May 1, 1999, the mortality component table (Table 80CNSMT) is included in section 20.2031-7A(e)(4) of this chapter. See section 20.2031-7A(a) through (d) of this chapter for mortality component tables applicable to decedents' estates with valuation dates before May 1, 1989.

(c) * * *

(1) Regulations sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1989, and before May 1, 1999. * * *

(2) Internal Revenue Service publications containing tables with interest rates between 2.2. and 26 percent for valuation dates after April 30, 1989, and before May 1, 1999. The following publications are no longer available from the Superintendent of Documents, however, they may be obtained from: CC:DOM:CORP:R, room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Gamma Volume," (8-89). * * *

(d) Effective date. This section applies after April 30, 1989, and before May 1, 1999.

Par. 30. Section 25.7520-1T is added to read as follows:

Section 25.7520-1T Valuation of annuities, unitrust interests,
interests for life or term of years, and remainder or reversionary
interests (temporary).

(a) through (b) (1) [Reserved]. For further guidance, see section 25.7520-1(a) through (b)(1).

(b)(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States Census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the mortality component tables will be published in the regulations at that time. For gifts with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is included in section 20.2031-7T(d)(7) of this chapter. See section 20.2031-7A of this chapter for mortality component tables applicable to decedent's estates with valuation dates before May 1, 1999.

(c) [Reserved]. For further guidance, see section 25.7520-1(c).

(1) Regulation sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1999. Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in section 1.642(c)-5 of this chapter. See section 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664- 4(e)(6) of this chapter contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664- 4T(e)(7) of this chapter contains, Table U(1) (actuarial factors for one life). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in section 1.664-3 of this chapter. See section 1.664-4A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 20.2031-7(d)(6) of this chapter contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), Table J (term certain annuity beginning-of- interval adjustment factors). Section 20.2031-7T(d)(7) of this chapter contains Table S (actuarial factors for one life) and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See section 20.2031-7A of this chapter for actuarial factors for one life and mortality components applicable to valuation dates before May 1, 1999.

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:

(i) Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in section 1.664-2 of this chapter (Income Tax Regulations) and a pooled income fund as defined in section 1.642(c)-5 of this chapter.

(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in section 1.664-3 of this chapter.

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (1999). This publication includes tables for computing depreciation adjustment factors. See section 1.170A-12T of this chapter.

(d) Effective date. This section applies after April 30, 1999.

Par. 31. Section 25.7520-3 is amended as follows:

1. In paragraph (b)(2)(v), Example 5 is revised.

2. In paragraph (b)(4), the Example is revised.

The revised examples read as follows:

Section 25.7520-3 Limitation on the application of section 7520.

* * * * *

(b) * * *

(2) * * *

(v) * **

Example 5. Eroding corpus in an annuity trust. (i) The donor, who is age 60 and in normal health, transfers property worth $1,000,000 to a trust. The trust will pay a 10 percent ($100,000 per year) annuity to a charitable organization for the life of the donor, payable annually at the end of each period, and the remainder will be distributed to the donor's child. The section 7520 rate for the month of the transfer is 6.8 percent. First, it is necessary to determine whether the annuity may exhaust the corpus before all annuity payments are made. Because it is assumed that any measuring life may survive until age 110, any life annuity could require payments until the measuring life reaches age 110. Based on a section 7520 interest rate of 6.8 percent, the determination of whether the annuity may exhaust the corpus before the annuity payments are made is computed as follows:

     Age to which life annuity may continue................  110
     less: Age of measuring life at date of transfer.......   60
          Number of years annuity may continue.............   50

          Annual annuity payment......................  $100,000.00
     times: Annuity factor for 50 years
          derived from Table B....................          14.1577

     Present value of term certain annuity........    $1,415,770.00

(ii) Since the present value of an annuity for a term of 50 years exceeds the corpus, the annuity may exhaust the trust before all payments are made. Consequently, the annuity must be valued as an annuity payable for a term of years or until the prior death of the annuitant, with the term of years determined by when the fund will be exhausted by the annuity payments.

(iii) Using factors based on Table 90CM at 6.8 percent (see section 20.2031-7T(d)(7) of this chapter), it is determined that the fund will be sufficient to make 17 annual payments, but not to make the entire 18th payment. Specifically, the initial corpus will be able to make payments of $67,287.26 per year for 17 years plus payments of $32,712.74 per year for 18 years. The annuity is valued by adding the value of the two separate temporary annuities.

(iv) Based on Table H of Publication 1457 (a copy of this publication may be purchased from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402), the present value of an annuity of $67,287.26 per year payable for 17 years or until the prior death of a person aged 60 is $588,016.64 ($67,287.26 X 8.7389). The present value of an annuity of $32,712.74 per year payable for 18 years or until the prior death of a person aged 60 is $292,196.74 ($32,712.74 X 8.9322). Thus, the present value of the charitable annuity interest is $880,213.38 ($588,016.64 + $292,196.74).

* * * * *

(4) * * *

Example. Terminal illness. The donor transfers property worth $1,000,000 to a child in exchange for the child's promise to pay the donor $103,000 per year for the donor's life, payable annually at the end of each period. The donor is age 60 but has been diagnosed with an incurable illness and has at least a 50 percent probability of dying within 1 year. The section 7520 interest rate for the month of the transfer is 10.6 percent, and the standard annuity factor at that interest rate for a person age 60 in normal health is 7.5590. Thus, if the donor were not terminally ill, the present value of the annuity would be $778,577 ($103,000 X 7.5590). Assuming the presumption provided in paragraph (b)(3) of this section does not apply, because there is at least a 50 percent probability that the donor will die within 1 year, the standard section 7520 annuity factor may not be used to determine the present value of the donor's annuity interest. Instead, a special section 7520 annuity factor must be computed that takes into account the projection of the donor's actual life expectancy.

* * * * *

Par. 32. In the list below, for each section indicated in the left column, remove the language in the middle column and add the language in the right column:

Section                       Remove              Add
_____________________________________________________________________

1.170A-6(c)(5)           1970                     1971
Example (1)
first and last
sentence

 

1.170A-6(c)(5)           1970
Example (2)(a)
first sentence

 

1.170A-6(c)(5)           1970                     1971
Example (3)(a)
first, sixth, seventh
and eighth sentences

 

1.170A-6(c)(5)           1971                     1972
Example (3)(a)
seventh and eighth
sentences

 

1.170A-6(c)(5)           1972                     1973
Example (3)(a)
seventh and eighth
sentences

 

1.170A-6(c)(5)           1970                     1971
Example (3)(b)
introductory text

 

1.170A-6(c)(5)           Jan. 1, 1970             Jan. 1, 1971
Example (3)(b)
Table headings

 

1.170A-6(c)(5)           Dec. 31, 1970            Dec. 31, 1971
Example (3)(b)
column 1 of table

 

1.170A-6(c)(5)           Dec. 31, 1971            Dec. 31, 1972
Example (3)(b)
column 1 of table

 

1.170A-6(c)(5)           Dec. 31, 1972            Dec. 31, 1973
Example (3)(b)
column 1 of table

 

1.170A-6(c)(5)           1972                     1973
Example (3)(c)

 

1.170A-6(c)(5)           1972                     1973
Example (3)(d)

 

1.170A-12(b)(2)          factor                   factor before
paragraph heading                                 May 1, 1999

 

1.170A-12(b)(2)          April 30, 1989,          April 30, 1989,
fourth sentence                                   and before May
1, 1999,

 

1.170A-12(b)(2)          CC:DOM:CORP:T:R          CC:DOM:CORP:R
sixth sentence

 

1.170A-12(b)(2)          room 5228                room 5226
sixth sentence

 

1.170A-12(c)             paragraph (f) of         section 20.2031-
first sentence           such sections            7(d)(6) of this
                                                  chapter

 

1.170A-12(e)(2)          Table 80CNSMT            Table 90CM
following the            in section               in section
formula                  20.2031-7                20.2031-7T

 

1.170A-12(e)(3)          E:A:G                    OP:E:EP:A:1
last sentence

 

1.170A-14(h)(4),         December 1, 1983         May 1, 1999
Example 2, fourth
sentence

 

1.642(c)-6A(e)(2)(i)     section                  section
                         20.2031-7(d)(6)          20.2031-7A(e)(4)

 

1.664-1(a)(5)            column 2 of Table D      Table D in section
(ii)(b)(1)               in section               1.664-4(e)(6)
                         1.664-4A(d)(6)

 

1.664-1(a)(5)(iv)        (iii) of this            (ii) of this
introductory text        section                  section:

 

1.664-1(a)(6)            section 1.664-4(e),      sections 1.664-4T
introductory text        section 1.664-4(A)       (e), 1.664-4T(e)
                         (d), and former          and 1.664-4A(d)
                         section 1.664-4(d)       and (e)
                         (as contained in
                         the 26 CFR part 1
                         edition revised
                         as of April 1, 1994)

 

1.664-2(c)               April 30, 1989           April 30, 1999

 

1.664-2(c)               section 20.2031-         section 20.2031-7A
sixth sentence           7A(a) through (d)        (a) through (e)
sentence

 

1.664-2(c)               May 1, 1989              May 1, 1999
sixth sentence

 

1.664-2(c)               last sentence

 

1.7520-1(a)(2)           1989, see section        1999, see section
                         1.642(c)-6(e)            1.642(c)-6T(e)

 

1.7520-1(a)(3)           (or, for certain
last sentence            prior periods,
                         section 1.664-4A)

 

1.7520-1(c)(1)           Section 1.642(c)-6(e)(4) Section 1.642(c)-
first sentence                                    6A(e)(5)

 

1.7520-1(c)(1)           Section 1.664-4(e)(6)    Sections 1.664-
second sentence          contains                 4(e)(6) and 1.664-
                                                  4A(e)(6) contain

 

1.7520-1(c)(1)           Section 20.2031-7(d)(6)  Sections 20.2031-
third sentence           of this chapter (Estate  7(d)(6) and 20.2031-
                         Tax Regulations) contain 7A(e)(4) of this
                         contains                 chapter

 

20.2032-1(f)(1)          paragraph (d) of         section 20.2031-
fourth sentence          section 20.2031-7(A)(d)  7A(d)(4)

 

20.2055-2(f)(2)(iv)      section 20.2031-10(f)    section 20.2031-
Example (1)                                       7A(d)
second sentence

 

20.2055-2(f)(2)(iv)      section 20.2031-10(f)    section 20.2031-
Example (2)                                       7A(d)
second sentence

 

20.2055-2(f)(2)(iv)      section 20.2031-10(e)    section 20.2031-
Example (3)                                       7A(c)
second sentence

 

20.2055-2(f)(2)(iv)      section 20.2031-10(f)    section 20.2031-
Example (3)                                       7A(d)
third sentence

 

20.2056A-4(c)(4)(ii)(B)  Alpha Volume             Book Aleph
penultimate sentence

 

20.2056A-4(d),           Alpha Volume             Book Aleph
Example 4(iii)
second sentence

 

20.7520-1(a)(2)          1989, see section        1999, see section
                         1.642(c)-6(e)            1.642(c)-6T(e)

 

20.7520-1(a)(3)          (or, for certain prior
second sentence          periods, section 1.664-4A)

 

20.7520-1(c)(1)          Section 1.642(c)-6(e)(4) Section 1.642(c)-
first sentence                                    6A(e)(5)

 

20.7520-1(c)(1)          Section 1.664-4(e)(6)    Sections 1.664-
second sentence          of this chapter contains 4(e)(6) and 1.664-
                                                  4A(e)(6) of this
                                                  chapter contain

 

20.7520-1(c)(1)          Section 20.2031-7(d)(6)  Sections 20.2031-
third sentence           contains                 7(d)(6) and 20.2031-
                                                  7A(e)(4) contain

 

25.7520-1(a)(2)          1989, see section        1999, see section
                         1.642(c)-6(e)            1.642(c)-6T(e)

 

25.7520-1(a)(3)          (or, for certain prior
last sentence            periods, section 1.664-4A)

 

25.7520-1(c)(1)          Section 1.642(c)-6(e)(4) Section 1.642(c)-
first sentence                                    6A(e)(5)

 

25.7520-1(c)(1)          Section 1.664-4(e)(6)    Sections 1.664-
second sentence          of this chapter contains 4(e)(6) and 1.664-
                                                  4A(e)(6) of this
                                                  chapter contain

 

25.7520-1(c)(1)          Section 20.2031-7(d)(6)  Sections 20.2031-
third sentence           (Estate Tax Regulations) 7(d)(6) and
                         contains                 20.2031-7A(e)(4)
                                                  contain

                                   Robert E. Wenzel
                                   Deputy Commissioner of Internal Revenue

Approved: April 21, 1999

                                   Donald C. Lubick
                                   Assistant Secretary of the Treasury

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