[Code of Federal Regulations] [Title 26, Volume 8] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.664-4] [Page 147-178] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) PART 1_INCOME TAXES--Table of Contents Sec. 1.664-4 Calculation of the fair market value of the remainder interest in a charitable remainder unitrust. (a) Rules for determining present value. For purposes of sections 170, 2055, 2106, and 2522, the fair market value of a remainder interest in a charitable remainder unitrust (as described in Sec. 1.664-3) is its present value determined under paragraph (d) of this section. The present value determined under this section shall be computed on the basis of-- (1) Life contingencies determined as to each life involved, from the values of lx set forth in Table 90CM contained in Sec. 20.2031-7(d)(7) of this chapter in the case of transfers for which the valuation date is after April 30, 1999; or from Table 80CNSMT contained Sec. 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 Sec. 20.2031- 7A(a) through (d) of this chapter, whichever is applicable, for transfers for which the valuation date is before May 1, 1989; (2) Interest at the section 7520 rate in the case of transfers for which the valuation date is after April 30, 1989, or 10 percent in the case of transfers to charitable remainder unitrusts made after November 30, 1983, for which the valuation date is before May 1, 1989. See Sec. 20.2031-7A (a) through (c) of this chapter, whichever is applicable, for transfers for which the valuation date is before December 1, 1983; and (3) The assumption that the amount described in Sec. 1.664- 3(a)(1)(i)(a) is distributed in accordance with the payout sequence described in the governing instrument. If the governing instrument does not prescribe when the distribution is made during the period for which the payment is made, for purposes of this section, the distribution is considered payable on the first day of the period for which the payment is made. (b) Actuarial Computations by the Internal Revenue Service. The regulations in this and in related sections provide tables of actuarial factors and examples that illustrate the use of the tables in determining the value of remainder interests in property. Section 1.7520-1(c)(2) refers to government publications that provide additional tables [[Page 148]] of factors and examples of computations for more complex situations. If the computation requires the use of a factor that is not provided in this section, the Commissioner may supply the factor upon a request for a ruling. A request for a ruling must be accompanied by a recitation of the facts including the date of birth of each measuring life, and copies of the relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (See Sec. 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee. If the Commissioner furnishes the factor, a copy of the letter supplying the factor should be attached to the tax return in which the deduction is claimed. If the Commissioner does not furnish the factor, the taxpayer must furnish a factor computed in accordance with the principles set forth in this section. (c) Statement supporting deduction required. Any claim for a deduction on any return for the value of a remainder interest in a charitable remainder unitrust must be supported by a full statement attached to the return showing the computation of the present value of such interest. (d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in Sec. 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 Sec. 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 Regulations After Before ------------------------------------------------------------------------ 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)(7) 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 Sec. 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, Sec. 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 Sec. Sec. 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or Sec. 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 Sec. 1.664-4A(e)(6), the donor or decedent's executor must [[Page 149]] use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, 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 paragraph (e)(6) of this section, for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see paragraph (e)(6) of this section. If the interest rate is below 4.2 percent or greater than 14 percent, see paragraph (b) of this section. The adjusted payout rate is determined by multiplying the fixed percentage described in Sec. 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 paragraph (a) of this section. 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 paragraph (b) of this section. (4) Period is a term of years. If the period described in Sec. 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 paragraph (e)(6) of this section 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 Sec. 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 Sec. 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 paragraph(e)(6) of this section, 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 paragraph(e)(6) of this section, 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 ---------- [[Page 150]] Difference................................................. .010181 Interpolation adjustment: [GRAPHIC] [TIFF OMITTED] TR12JN00.002 Factor at 7.4 percent for 12 years........................... .397495 Less: Interpolation adjustment............................... .007992 ---------- Interpolated factor........................................ .389503 Present value of remainder interest: ($100,000x.389503)..........$38,950.30 (5) Period is the life of one individual. If the period described in Sec. 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 paragraph (b) of this section. 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 paragraph (e)(6) of this section, 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 paragraph (e)(7) of 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: [GRAPHIC] [TIFF OMITTED] TR12JN00.003 Factor at 8.4 percent at age 45.............................. .10117 Less: Interpolation adjustment............................... .00008 ---------- Interpolated Factor.......................................... .10109 Present value of remainder interest: ($100,000x.10109)..........$10,109.00 (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 paragraph (e)(5) of this section. See, however, Sec. 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. [[Page 151]] Table D--Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- Adjusted payout rate Years --------------------------------------------------------------------------------------------------- 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 1................................................... .958000 .956000 .954000 .952000 .950000 .948000 .946000 .944000 .942000 .940000 2................................................... .917764 .913936 .910116 .906304 .902500 .898704 .894916 .891136 .887364 .883600 3................................................... .879218 .873723 .868251 .862801 .857375 .851971 .846591 .841232 .835897 .830584 4................................................... .842291 .835279 .828311 .821387 .814506 .807669 .800875 .794123 .787415 .780749 5................................................... .806915 .798527 .790209 .781960 .773781 .765670 .757627 .749652 .741745 .733904 6................................................... .773024 .763392 .753859 .744426 .735092 .725855 .716716 .707672 .698724 .689870 7................................................... .740557 .729802 .719182 .708694 .698337 .688111 .678013 .668042 .658198 .648478 8................................................... .709454 .697691 .686099 .674677 .663420 .652329 .641400 .630632 .620022 .609569 9................................................... .679657 .666993 .654539 .642292 .630249 .618408 .606765 .595317 .584061 .572995 10.................................................. .651111 .637645 .624430 .611462 .598737 .586251 .573999 .561979 .550185 .538615 11.................................................. .623764 .609589 .595706 .582112 .568800 .555766 .543003 .530508 .518275 .506298 12.................................................. .597566 .582767 .568304 .554170 .540360 .526866 .513681 .500800 .488215 .475920 13.................................................. .572469 .557125 .542162 .527570 .513342 .499469 .485942 .472755 .459898 .447365 14.................................................. .548425 .532611 .517222 .502247 .487675 .473496 .459701 .446281 .433224 .420523 15.................................................. .525391 .509177 .493430 .478139 .463291 .448875 .434878 .421289 .408097 .395292 16.................................................. .503325 .486773 .470732 .455188 .440127 .425533 .411394 .397697 .384427 .371574 17.................................................. .482185 .465355 .449079 .433339 .418120 .403405 .389179 .375426 .362131 .349280 18.................................................. .461933 .444879 .428421 .412539 .397214 .382428 .368163 .354402 .341127 .328323 19.................................................. .442532 .425304 .408714 .392737 .377354 .362542 .348282 .334555 .321342 .308624 20.................................................. .423946 .406591 .389913 .373886 .358486 .343690 .329475 .315820 .302704 .290106 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table D--Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- Adjusted payout rate Years --------------------------------------------------------------------------------------------------- 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 1................................................... .938000 .936000 .934000 .932000 .930000 .928000 .926000 .924000 .922000 .920000 2................................................... .879844 .876096 .872356 .868624 .864900 .861184 .857476 .853776 .850084 .846400 3................................................... .825294 .820026 .814781 .809558 .804357 .799179 .794023 .788889 .783777 .778688 4................................................... .774125 .767544 .761005 .754508 .748052 .741638 .735265 .728933 .722643 .716393 5................................................... .726130 .718421 .710779 .703201 .695688 .688240 .680855 .673535 .666277 .659082 6................................................... .681110 .672442 .663867 .655383 .646990 .638687 .630472 .622346 .614307 .606355 7................................................... .638881 .629406 .620052 .610817 .601701 .592701 .583817 .575048 .566391 .557847 8................................................... .599270 .589124 .579129 .569282 .559582 .550027 .540615 .531344 .522213 .513219 9................................................... .562115 .551420 .540906 .530571 .520411 .510425 .500609 .490962 .481480 .472161 10.................................................. .527264 .516129 .505206 .494492 .483982 .473674 .463564 .453649 .443925 .434388 11.................................................. .494574 .483097 .471863 .460866 .450104 .439570 .429260 .419171 .409298 .399637 12.................................................. .463910 .452179 .440720 .429527 .418596 .407921 .397495 .387314 .377373 .367666 13.................................................. .435148 .423239 .411632 .400320 .389295 .378550 .368081 .357879 .347938 .338253 14.................................................. .408169 .396152 .384465 .373098 .362044 .351295 .340843 .330680 .320799 .311193 15.................................................. .382862 .370798 .359090 .347727 .336701 .326002 .315620 .305548 .295777 .286297 16.................................................. .359125 .347067 .335390 .324082 .313132 .302529 .292264 .282326 .272706 .263394 17.................................................. .336859 .324855 .313254 .302044 .291213 .280747 .270637 .260870 .251435 .242322 18.................................................. .315974 .304064 .292579 .281505 .270828 .260533 .250610 .241044 .231823 .222936 19.................................................. .296383 .284604 .273269 .262363 .251870 .241775 .232065 .222724 .213741 .205101 20.................................................. .278008 .266389 .255233 .244522 .234239 .224367 .214892 .205797 .197069 .188693 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table D--Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- Adjusted payout rate Years --------------------------------------------------------------------------------------------------- 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 1................................................... .918000 .916000 .914000 .912000 .910000 .908000 .906000 .904000 .902000 .900000 2................................................... .842724 .839056 .835396 .831744 .828100 .824464 .820836 .817216 .813604 .810000 3................................................... .773621 .768575 .763552 .758551 .753571 .748613 .743677 .738763 .733871 .729000 4................................................... .710184 .704015 .697886 .691798 .685750 .679741 .673772 .667842 .661951 .656100 5................................................... .651949 .644878 .637868 .630920 .624032 .617205 .610437 .603729 .597080 .590490 6................................................... .598489 .590708 .583012 .575399 .567869 .560422 .553056 .545771 .538566 .531441 7................................................... .549413 .541089 .532873 .524764 .516761 .508863 .501069 .493377 .485787 .478297 8................................................... .504361 .495637 .487046 .478585 .470253 .462048 .453968 .446013 .438180 .430467 [[Page 152]] 9................................................... .463003 .454004 .445160 .436469 .427930 .419539 .411295 .403196 .395238 .387420 10.................................................. .425037 .415867 .406876 .398060 .389416 .380942 .372634 .364489 .356505 .348678 11.................................................. .390184 .380934 .371885 .363031 .354369 .345895 .337606 .329498 .321567 .313811 12.................................................. .358189 .348936 .339902 .331084 .322475 .314073 .305871 .297866 .290054 .282430 13.................................................. .328817 .319625 .310671 .301949 .293453 .285178 .277119 .269271 .261628 .254187 14.................................................. .301854 .292777 .283953 .275377 .267042 .258942 .251070 .243421 .235989 .228768 15.................................................. .277102 .268184 .259533 .251144 .243008 .235119 .227469 .220053 .212862 .205891 16.................................................. .254380 .245656 .237213 .229043 .221137 .213488 .206087 .198928 .192001 .185302 17.................................................. .233521 .225021 .216813 .208887 .201235 .193847 .186715 .179830 .173185 .166772 18.................................................. .214372 .206119 .198167 .190505 .183124 .176013 .169164 .162567 .156213 .150095 19.................................................. .196794 .188805 .181125 .173741 .166643 .159820 .153262 .146960 .140904 .135085 20.................................................. .180657 .172946 .165548 .158452 .151645 .145117 .138856 .132852 .127096 .121577 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table D--Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- Adjusted payout rate Years --------------------------------------------------------------------------------------------------- 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 1................................................... .898000 .896000 .894000 .892000 .890000 .888000 .886000 .884000 .882000 .880000 2................................................... .806404 .802816 .799236 .795664 .792100 .788544 .784996 .781456 .777924 .774400 3................................................... .724151 .719323 .714517 .709732 .704969 .700227 .695506 .690807 .686129 .681472 4................................................... .650287 .644514 .638778 .633081 .627422 .621802 .616219 .610673 .605166 .599695 5................................................... .583958 .577484 .571068 .564708 .558406 .552160 .545970 .539835 .533756 .527732 6................................................... .524394 .517426 .510535 .503720 .496981 .490318 .483729 .477214 .470773 .464404 7................................................... .470906 .463613 .456418 .449318 .442313 .435402 .428584 .421858 .415222 .408676 8................................................... .422874 .415398 .408038 .400792 .393659 .386637 .379726 .372922 .366226 .359635 9................................................... .379741 .372196 .364786 .357506 .350356 .343334 .336437 .329663 .323011 .316478 10.................................................. .341007 .333488 .326118 .318896 .311817 .304881 .298083 .291422 .284896 .278501 11.................................................. .306224 .298805 .291550 .284455 .277517 .270734 .264102 .257617 .251278 .245081 12.................................................. .274989 .267729 .260645 .253734 .246990 .240412 .233994 .227734 .221627 .215671 13.................................................. .246941 .239886 .233017 .226331 .219821 .213486 .207319 .201317 .195475 .189791 14.................................................. .221753 .214937 .208317 .201887 .195641 .189575 .183684 .177964 .172409 .167016 15.................................................. .199134 .192584 .186236 .180083 .174121 .168343 .162744 .157320 .152065 .146974 16.................................................. .178822 .172555 .166495 .160634 .154967 .149488 .144191 .139071 .134121 .129337 17.................................................. .160582 .154609 .148846 .143286 .137921 .132746 .127754 .122939 .118295 .113817 18.................................................. .144203 .138530 .133069 .127811 .122750 .117878 .113190 .108678 .104336 .100159 19.................................................. .129494 .124123 .118963 .114007 .109247 .104676 .100286 .096071 .092024 .088140 20.................................................. .116286 .111214 .106353 .101694 .097230 .092952 .088853 .084927 .081166 .077563 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table D--Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- Adjusted payout rate Years --------------------------------------------------------------------------------------------------- 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 1................................................... .878000 .876000 .874000 .872000 .870000 .868000 .866000 .864000 .862000 .860000 2................................................... .770884 .767376 .763876 .760384 .756900 .753424 .749956 .746496 .743044 .739600 3................................................... .676836 .672221 .667628 .663055 .658503 .653972 .649462 .644973 .640504 .636056 4................................................... .594262 .588866 .583507 .578184 .572898 .567648 .562434 .557256 .552114 .547008 5................................................... .521762 .515847 .509985 .504176 .498421 .492718 .487068 .481469 .475923 .470427 6................................................... .458107 .451882 .445727 .439642 .433626 .427679 .421801 .415990 .410245 .404567 7................................................... .402218 .395848 .389565 .383368 .377255 .371226 .365279 .359415 .353631 .347928 8................................................... .353147 .346763 .340480 .334297 .328212 .322224 .316332 .310535 .304830 .299218 9................................................... .310063 .303764 .297579 .291507 .285544 .279690 .273944 .268302 .262764 .257327 10.................................................. .272236 .266098 .260084 .254194 .248423 .242771 .237235 .231813 .226502 .221302 11.................................................. .239023 .233102 .227314 .221657 .216128 .210725 .205446 .200286 .195245 .190319 12.................................................. .209862 .204197 .198672 .193285 .188032 .182910 .177916 .173047 .168301 .163675 13.................................................. .184259 .178877 .173640 .168544 .163588 .158766 .154075 .149513 .145076 .140760 14.................................................. .161779 .156696 .151761 .146971 .142321 .137809 .133429 .129179 .125055 .121054 15.................................................. .142042 .137266 .132639 .128158 .123819 .119618 .115550 .111611 .107798 .104106 16.................................................. .124713 .120245 .115927 .111754 .107723 .103828 .100066 .096432 .092922 .089531 [[Page 153]] 17.................................................. .109498 .105334 .101320 .097450 .093719 .090123 .086657 .083317 .080098 .076997 18.................................................. .096139 .092273 .088554 .084976 .081535 .078227 .075045 .071986 .069045 .066217 19.................................................. .084410 .080831 .077396 .074099 .070936 .067901 .064989 .062196 .059517 .056947 20.................................................. .074112 .070808 .067644 .064614 .061714 .058938 .056280 .053737 .051303 .048974 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(4.2)--With Interest at 4.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .989820 .984755 .981389 1 2 .996577 .986432 .981385 .978030 2 3 .993166 .983056 .978026 3 4 .989767 .979691 .974679 4 5 .986380 .976338 5 6 .983004 .972996 6 7 .979639 .969666 7 8 .976286 8 9 .972945 9 10 .969615 10 11 .966296 11 12 .962989 12 ........................ .959693 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(4.4)--With Interest at 4.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .989350 .984054 .980533 1 2 .996418 .985806 .980529 .977021 2 3 .992849 .982275 .977017 3 4 .989293 .978757 .973517 4 5 .985749 .975251 5 6 .982219 .971758 6 7 .978700 .968277 7 8 .975195 8 9 .971702 9 10 .968221 10 11 .964753 11 12 .961298 12 ........................ .957854 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 154]] Table F(4.6)--With Interest at 4.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .988882 .983354 .979680 1 2 .996259 .985183 .979676 .976015 2 3 .992532 .981498 .976011 3 4 .988820 .977826 .972360 4 5 .985121 .974168 5 6 .981436 .970524 6 7 .977764 .966894 7 8 .974107 8 9 .970463 9 10 .966832 10 11 .963216 11 12 .959613 12 ........................ .956023 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(4.8)--With Interest at 4.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .988415 .982657 .978830 1 2 .996101 .984561 .978825 .975013 2 3 .992217 .980722 .975008 3 4 .988348 .976898 .971206 4 5 .984494 .973089 5 6 .980655 .969294 6 7 .976831 .965515 7 8 .973022 8 9 .969228 9 10 .965448 10 11 .961684 11 12 .957934 12 ........................ .954198 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(5.0)--With Interest at 5.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .987950 .981961 .977982 1 2 .995942 .983941 .977977 .974014 2 3 .991901 .979949 .974009 3 4 .987877 .975973 .970057 4 5 .983868 .972013 5 6 .979876 .968069 6 7 .975900 .964141 7 8 .971940 8 9 .967997 9 10 .964069 10 11 .960157 11 12 .956261 12 ........................ .952381 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 155]] Table F(5.2)--With Interest at 5.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .987486 .981268 .977137 1 2 .995784 .983323 .977132 .973018 2 3 .991587 .979178 .973012 3 4 .987407 .975050 .968911 4 5 .983244 .970940 5 6 .979099 .966847 6 7 .974972 .962771 7 8 .970862 8 9 .966769 9 10 .962694 10 11 .958636 11 12 .954594 12 ........................ .950570 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(5.4)--With Interest at 5.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .987023 .980577 .976295 1 2 .995627 .982707 .976289 .972026 2 3 .991273 .978409 .972019 3 4 .986938 .974131 .967769 4 5 .982622 .969871 5 6 .978325 .965629 6 7 .974047 .961407 7 8 .969787 8 9 .965546 9 10 .961323 10 11 .957119 11 12 .952934 12 ........................ .948767 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(5.6)--With Interest at 5.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .986562 .979888 .975455 1 2 .995470 .982092 .975449 .971036 2 3 .990960 .977643 .971029 3 4 .986470 .973214 .966630 4 5 .982001 .968805 5 6 .977552 .964416 6 7 .973124 .960047 7 8 .968715 8 9 .964326 9 10 .959958 10 11 .955609 11 12 .951279 12 ........................ .946970 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 156]] Table F(5.8)--With Interest at 5.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .986102 .979201 .974618 1 2 .995313 .981480 .974611 .970050 2 3 .990647 .976879 .970043 3 4 .986004 .972300 .965496 4 5 .981382 .967743 5 6 .976782 .963206 6 7 .972203 .958692 7 8 .967646 8 9 .963111 9 10 .958596 10 11 .954103 11 12 .949631 12 ........................ .945180 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(6.0)--With Interest at 6.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .985643 .978516 .973784 1 2 .995156 .980869 .973776 .969067 2 3 .990336 .976117 .969059 3 4 .985538 .971389 .964365 4 5 .980764 .966684 5 6 .976014 .962001 6 7 .971286 .957341 7 8 .966581 8 9 .961899 9 10 .957239 10 11 .952603 11 12 .947988 12 ........................ .943396 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(6.2)--With Interest at 6.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .985185 .977833 .972952 1 2 .995000 .980259 .972944 .968087 2 3 .990024 .975358 .968079 3 4 .985074 .970481 .963238 4 5 .980148 .965628 5 6 .975247 .960799 6 7 .970371 .955995 7 8 .965519 8 9 .960691 9 10 .955887 10 11 .951107 11 12 .946352 12 ........................ .941620 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 157]] Table F(6.4)--With Interest at 6.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .984729 .977152 .972122 1 2 .994844 .979652 .972114 .967110 2 3 .989714 .974600 .967101 3 4 .984611 .969575 .962115 4 5 .979534 .964576 5 6 .974483 .959602 6 7 .969458 .954654 7 8 .964460 8 9 .959487 9 10 .954539 10 11 .949617 11 12 .944721 12 ........................ .939850 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(6.6)--With Interest at 6.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .984274 .976473 .971295 1 2 .994688 .979046 .971286 .966136 2 3 .989404 .973845 .966127 3 4 .984149 .968672 .960995 4 5 .978921 .963527 5 6 .973721 .958408 6 7 .968549 .953317 7 8 .963404 8 9 .958286 9 10 .953196 10 11 .948132 11 12 .943096 12 ........................ .938086 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(6.8)--With Interest at 6.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .983821 .975796 .970471 1 2 .994533 .978442 .970461 .965165 2 3 .989095 .973092 .965156 3 4 .983688 .967772 .959879 4 5 .978309 .962481 5 6 .972961 .957219 6 7 .967641 .951985 7 8 .962351 8 9 .957089 9 10 .951857 10 11 .946653 11 12 .941477 12 ........................ .936330 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 158]] Table F(7.0)--With Interest at 7.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .983368 .975122 .969649 1 2 .994378 .977839 .969639 .964198 2 3 .988787 .972342 .964187 3 4 .983228 .966875 .958766 4 5 .977700 .961439 5 6 .972203 .956033 6 7 .966736 .950658 7 8 .961301 8 9 .955896 9 10 .950522 10 11 .945178 11 12 .939864 12 ........................ .934579 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(7.2)--With Interest at 7.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .982917 .974449 .968830 1 2 .994223 .977239 .968819 .963233 2 3 .988479 .971593 .963222 3 4 .982769 .965980 .957658 4 5 .977091 .960400 5 6 .971446 .954851 6 7 .965834 .949335 7 8 .960255 8 9 .954707 9 10 .949192 10 11 .943708 11 12 .938256 12 ........................ .932836 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(7.4)--With Interest at 7.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .982467 .973778 .968013 1 2 .994068 .976640 .968002 .962271 2 3 .988172 .970847 .962260 3 4 .982311 .965088 .956552 4 5 .976484 .959364 5 6 .970692 .953673 6 7 .964935 .948017 7 8 .959211 8 9 .953521 9 10 .947866 10 11 .942243 11 12 .936654 [[Page 159]] 12 ........................ .931099 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(7.6)--With Interest at 7.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .982019 .973109 .967199 1 2 .993914 .976042 .967187 .961313 2 3 .987866 .970103 .961301 3 4 .981854 .964199 .955451 4 5 .975879 .958331 5 6 .969940 .952499 6 7 .964037 .946703 7 8 .958171 8 9 .952340 9 10 .946544 10 11 .940784 11 12 .935058 12 ........................ .929368 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(7.8)--With Interest at 7.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.0000000 .981571 .972442 .966387 1 2 .993761 .975447 .966374 .960357 2 3 .987560 .969361 .960345 3 4 .981398 .963312 .954353 4 5 .975275 .957302 5 6 .969190 .951329 6 7 .963143 .945393 7 8 .957133 8 9 .951161 9 10 .945227 10 11 .939329 11 12 .933468 12 ........................ .927644 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 160]] Table F(8.0)--With Interest at 8.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .981125 .971777 .965578 1 2 .993607 .974853 .965564 .959405 2 3 .987255 .968621 .959392 3 4 980944 .962429 .953258 4 5 .974673 .956276 5 6 .968442 .950162 6 7 .962250 .944088 7 8 .956099 8 9 .949987 9 10 .943913 10 11 .937879 11 12 .931883 12 ........................ .925926 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(8.2)--With Interest at 8.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .980680 .971114 .964771 1 2 .993454 .974261 .964757 .958455 2 3 .986951 .967883 .958441 3 4 .980490 .961547 .952167 4 5 .974072 .955253 5 6 .967695 .949000 6 7 .961361 .942788 7 8 .955068 8 9 .948816 9 10 .942605 10 11 .936434 11 12 .930304 12 ........................ .924214 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(8.2)--With Interest at 8.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .980237 .970453 .963966 1 2 .993301 .973670 .963952 .957509 2 3 .986647 .967148 .957494 3 4 .980037 .960669 .951080 4 5 .973472 .954233 5 6 .966951 .947841 6 7 .960473 .941491 7 8 .954039 8 9 .947648 9 10 .941300 10 11 .934994 11 12 .928731 12 ........................ .922509 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 161]] Table F(8.6)--With Interest at 8.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .979794 .969794 .963164 1 2 .993148 .973081 .963149 .956565 2 3 .986344 .966414 .956550 3 4 .979586 .959793 .949996 4 5 .972874 .953217 5 6 .966209 .946686 6 7 .959589 .940199 7 8 .953014 8 9 .946484 9 10 .940000 10 11 .933559 11 12 .927163 12 ........................ .920810 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(8.8)--With Interest at 8.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .979353 .969136 .962364 1 2 .992996 .972494 .962349 .955624 2 3 .986041 .965683 .955609 3 4 .979135 .958919 .948916 4 5 .972278 .952203 5 6 .965468 .945534 6 7 .958706 .938912 7 8 .951992 8 9 .945324 9 10 .938703 10 11 .932129 11 12 .925600 12 ........................ .919118 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(9.0)--With Interest at 9.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .978913 .968481 .961567 1 2 .992844 .971908 .961551 .954686 2 3 .985740 .964954 .954670 3 4 .978686 .958049 .947839 4 5 .971683 .951193 5 6 .964730 .944387 6 7 .957826 .937629 7 8 .950972 8 9 .944167 9 10 .937411 10 11 .930703 11 12 .924043 12 ........................ .917431 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 162]] Table F(9.2)--With Interest at 9.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .978474 .967827 .960772 1 2 .992693 .971324 .960755 .953752 2 3 .985439 .964226 .953734 3 4 .978238 .957180 .946765 4 5 .971089 .950186 5 6 .963993 .943242 6 7 .956949 .936350 7 8 .949956 8 9 .943014 9 10 .936123 10 11 .929283 11 12 .922492 12 ........................ .915751 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(9.4)--With Interest at 9.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .978037 .967176 .959980 1 2 .992541 .970742 .959962 .952820 2 3 .985138 .963501 .952802 3 4 .977790 .956315 .945695 4 5 .970497 .949182 5 6 .963258 .942102 6 7 .956074 .935075 7 8 .948942 8 9 .941865 9 10 .934839 10 11 .927867 11 12 .920946 12 ........................ .914077 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(9.6)--With Interest at 9.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .977600 .966526 .959190 1 2 .992390 .970161 .959171 .951890 2 3 .984838 .962778 .951872 3 4 .977344 .955452 .944628 4 5 .969906 .948181 5 6 .962526 .940965 6 7 .955201 .933805 7 8 .947932 8 9 .940718 9 10 .933560 10 11 .926455 11 12 .919405 12 ........................ .912409 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 163]] Table F(9.8)--With Interest at 9.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .977165 .965878 .958402 1 2 .992239 .969582 .958382 .950964 2 3 .984539 .962057 .950945 3 4 .976898 .954591 .943565 4 5 .969317 .947183 5 6 .961795 .939832 6 7 .954331 .932539 7 8 .946924 8 9 .939576 9 10 .932284 10 11 .925049 11 12 .917870 12 ........................ .910747 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(10.0)--With Interest at 10.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .976731 .965232 .957616 1 2 .992089 .969004 .957596 .950041 2 3 .984240 .961338 .950021 3 4 .976454 .953733 .942505 4 5 .968729 .946188 5 6 .961066 .938703 6 7 .953463 .931277 7 8 .945920 8 9 .938436 9 10 .931012 10 11 .923647 11 12 .916340 12 ........................ .909091 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(10.2)--With Interest at 10.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .976298 .964588 .956833 1 2 .991939 .968428 .956812 .949120 2 3 .983943 .960622 .949099 3 4 .976011 .952878 .941448 4 5 .968143 .945196 5 6 .960338 .937577 6 7 .952597 .930019 7 8 .944918 8 9 .937301 9 10 .929745 10 11 .922250 11 12 .914816 12 ........................ .907441 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 164]] Table F(10.4)--With Interest at 10.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .975867 .963946 .956052 1 2 .991789 .967854 .956031 .948202 2 3 .983645 .959907 .948181 3 4 .975568 .952025 .940395 4 5 .967558 .944208 5 6 .959613 .936455 6 7 .951734 .928765 7 8 .943919 8 9 .936168 9 10 .928481 10 11 .920858 11 12 .913296 12 ........................ .905797 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(10.6)--With Interest at 10.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .975436 .963305 .955274 1 2 .991639 .967281 .955252 .947287 2 3 .983349 .959194 .947265 3 4 .975127 .951174 .939345 4 5 .966974 .943222 5 6 .958890 .935336 6 7 .950873 .927516 7 8 .942923 8 9 .935039 9 10 .927222 10 11 .919470 11 12 .911782 12 ........................ .904159 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(10.8)--With Interest at 10.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .975007 .962667 .954498 1 2 .991490 .966710 .954475 .946375 2 3 .983052 .958483 .946352 3 4 .974687 .950327 .938299 4 5 .966392 .942239 5 6 .958168 .934221 6 7 .950014 .926271 7 8 .941930 8 9 .933914 9 10 .925966 10 11 .918086 11 12 .910273 12 ........................ .902527 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 165]] Table F(11.0)--With Interest at 11.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .974579 .962030 .953724 1 2 .991341 .966140 .953700 .945466 2 3 .982757 .957774 .945442 3 4 .974247 .949481 .937255 4 5 .965811 .941260 5 6 .957449 .933109 6 7 .949158 .925029 7 8 .940939 8 9 .932792 9 10 .924715 10 11 .916708 11 12 .908770 12 ........................ .900901 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(11.2)--With Interest at 11.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .974152 .961395 .952952 1 2 .991192 .965572 .952927 .944559 2 3 .982462 .957068 .944534 3 4 .973809 .948638 .936215 4 5 .965232 .940283 5 6 .956731 .932001 6 7 .948304 .923792 7 8 .939952 8 9 .931673 9 10 .923467 10 11 .915333 11 12 .907272 12 ........................ .899281 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(11.4)--With Interest at 11.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .973726 .960762 .952183 1 2 .991044 .965005 .952157 .943655 2 3 .982168 .956363 .943630 3 4 .973372 .947798 .935178 4 5 .964654 .939309 5 6 .956015 .930896 6 7 .947452 .922559 7 8 .938967 8 9 .930557 9 10 .922223 10 11 .913964 11 12 .905778 12 ........................ .897666 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 166]] Table F(11.6)--With Interest at 11.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .973302 .960130 .951416 1 2 .990896 .964440 .951389 .942754 2 3 .981874 .955660 .942728 3 4 .972935 .946959 .934145 4 5 .964077 .938338 5 6 .955300 .929795 6 7 .946603 .921330 7 8 .937985 8 9 .929445 9 10 .920984 10 11 .912599 11 12 .904290 12 ........................ .896057 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(11.8)--With Interest at 11.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Seminannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .972878 .959501 .950651 1 2 .990748 .963877 .950624 .941855 2 3 .981582 .954959 .941828 3 4 .972500 .946124 .933114 4 5 .963502 .937370 5 6 .954588 .928698 6 7 .945756 .920105 7 8 .937006 8 9 .928337 9 10 .919748 10 11 .911238 11 12 .902807 12 ........................ .894454 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(12.0)--With Interest at 12.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Seminannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .972456 .958873 .949888 1 2 .990600 .963315 .949860 .940960 2 3 .981289 .954260 .940932 3 4 .972065 .945290 .932087 4 5 .962928 .936405 5 6 .953877 .927603 6 7 .944911 .918884 7 8 .936029 8 9 .927231 9 10 .918515 10 11 .909882 11 12 .901329 12 ........................ .892857 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 167]] Table F(12.2)--With Interest at 12.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .972034 .958247 .949128 1 2 .990453 .962754 .949099 .940067 2 3 .980997 .953563 .940038 3 4 .971632 .944460 .931063 4 5 .962356 .935443 5 6 .953168 .926512 6 7 .944069 .917667 7 8 .935056 8 9 .926129 9 10 .917287 10 11 .908530 11 12 .899856 12 ........................ .891266 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(12.4)--With Interest at 12.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Montly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .971614 .957623 .948370 1 2 .990306 .962195 .948340 .939176 2 3 .980706 .952868 .939147 3 4 .971199 .943631 .930043 4 5 .961785 .934484 5 6 .952461 .925425 6 7 .943228 .916454 7 8 .934085 8 9 .925030 9 10 .916063 10 11 .907183 11 12 .898389 12 ........................ .889680 -------------------------------------------------------------------------------------------------------------------------------------------------------- TABLE F(12.6)--With Interest at 12.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least but less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .971195 .957000 .947614 1 2 .990159 .961638 .947583 .938289 2 3 .980416 .952175 .938258 3 4 .970768 .942805 .929025 4 5 .961215 .933527 5 6 .951756 .924341 6 7 .942390 .915245 7 8 .933117 8 9 .923934 9 10 .914842 10 11 .905840 11 12 .896926 [[Page 168]] 12 ........................ .888099 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(12.8)--With Interest at 12.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least but less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .970777 .956379 .946860 1 2 .990013 .961082 .946828 .937403 2 3 .980126 .951484 .937372 3 4 .970337 .941981 .928011 4 5 .960647 .932574 5 6 .951053 .923260 6 7 .941554 .914040 7 8 .932151 8 9 .922842 9 10 .913625 10 11 .904501 11 12 .895468 12 ........................ .886525 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(13.0)--With Interest at 13.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .970360 .955760 .946108 1 2 .989867 .960528 .946075 .936521 2 3 .979836 .950795 .936489 3 4 .969908 .941160 .926999 4 5 .960079 .931623 5 6 .950351 .922183 6 7 .940721 .912838 7 8 .931188 8 9 .921753 9 10 .912412 10 11 .903167 11 12 .894015 12 ........................ .884956 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 169]] Table F(13.2)--With Interest at 13.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .969945 .955143 .945359 1 2 .989721 .959975 .945325 .935641 2 3 .979548 .950107 .935608 3 4 .969479 .940341 .925991 4 5 .959514 .930675 5 6 .949651 .921109 6 7 .939889 .911641 7 8 .930228 8 9 .920667 9 10 .911203 10 11 .901837 11 12 .892567 12 ........................ .883392 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(13.4)--With Interest at 13.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quaterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .969530 .954527 .944611 1 2 .989575 .959423 .944577 .934764 2 3 .979260 .949422 .934730 3 4 .969051 .939524 .924986 4 5 .958949 .929730 5 6 .948953 .920038 6 7 .939060 .910447 7 8 .929271 8 9 .919584 9 10 .909998 10 11 .900511 11 12 .891124 12 ........................ .881834 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(13.6)--With Interest at 13.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quaterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .969117 .953913 .943866 1 2 .989430 .958873 .943831 .933890 2 3 .978972 .948738 .933854 3 4 .968624 .938710 .923984 4 5 .958386 .928788 5 6 .948256 .918971 6 7 .938233 .909257 7 8 .928316 8 9 .918504 9 10 .908796 10 11 .899190 11 12 .889686 12 ........................ .880282 -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 170]] Table F(13.8)--With Interest at 13.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first full taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .968704 .953301 .943123 1 2 .989285 .958325 .943087 .933018 2 3 .978685 .948056 .932982 ....................... 3 4 .968199 .937898 .922985 ....................... 4 5 .957824 .927849 5 6 .947561 .917907 6 7 .937408 .908072 7 8 .927364 8 9 .917428 9 10 .907598 10 11 .897873 11 12 .888252 12 ........................ .878735 -------------------------------------------------------------------------------------------------------------------------------------------------------- Table F(14.0)--With Interest at 14.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations [Applicable after April 30, 1989] -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 Number of months by which the valuation date 2 Factors for payout at the end of each period for the first rull taxable year of the trust ----------------------------------------------------------------------------------------------------- precedes the first payout --------------------------------------------------- Annual period Semiannual period Quarterly period Monthly period At least But less than -------------------------------------------------------------------------------------------------------------------------------------------------------- 1 1.000000 .968293 .952691 .942382 1 2 .989140 .957778 .942345 .932148 2 3 .978399 .947377 .932111 3 4 .967774 .937088 .921989 4 5 .957264 .926912 5 6 .946868 .916846 6 7 .936586 .906889 7 8 .926415 8 9 .916354 9 10 .906403 10 11 .896560 11 12 .886824 12 ........................ .877193 -------------------------------------------------------------------------------------------------------------------------------------------------------- (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 the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (e)(7), and Table F(4.2) through (14.0) in paragraph (e)(6) of this section. See, however, Sec. 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,'' (7-1999). 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] [[Page 171]] -------------------------------------------------------------------------------------------------------------------------------------------------------- Age 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% .8% 6.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 0............................................................. .06177 .05580 .05061 .04609 .04215 .03871 .03570 .03307 .03075 .02872 1............................................................. .05543 .04925 .04388 .03919 .03509 .03151 .02838 .02563 .02321 .02109 2............................................................. .05716 .05081 .04528 .04045 .03622 .03252 .02927 .02642 .02391 .02170 3............................................................. .05920 .05268 .04699 .04201 .03765 .03382 .03046 .02750 .02490 .02260 4............................................................. .06143 .05475 .04889 .04376 .03926 .03530 .03182 .02876 .02605 .02366 5............................................................. .06384 .05697 .05095 .04567 .04103 .03694 .03334 .03016 .02735 .02487 6............................................................. .06637 .05933 .05315 .04771 .04292 .03870 .03497 .03168 .02876 .02618 7............................................................. .06905 .06183 .05547 .04987 .04494 .04058 .03673 .03332 .03029 .02761 8............................................................. .07186 .06445 .05792 .05216 .04708 .04258 .03859 .03506 .03192 .02914 9............................................................. .07482 .06722 .06052 .05460 .04936 .04471 .04060 .03694 .03369 .03079 10............................................................ .07793 .07015 .06327 .05718 .05179 .04700 .04274 .03896 .03559 .03259 11............................................................ .08120 .07323 .06617 .05991 .05435 .04942 .04502 .04111 .03762 .03450 12............................................................ .08461 .07645 .06920 .06277 .05706 .05197 .04744 .04339 .03978 .03655 13............................................................ .08812 .07976 .07234 .06574 .05985 .05461 .04993 .04576 .04202 .03867 14............................................................ .09168 .08313 .07552 .06874 .06269 .05729 .05247 .04815 .04428 .04081 15............................................................ .09527 .08652 .07872 .07176 .06554 .05999 .05501 .05055 .04655 .04296 16............................................................ .09886 .08991 .08192 .07478 .06839 .06267 .05754 .05294 .04880 .04508 17............................................................ .10249 .09334 .08515 .07782 .07126 .06537 .06008 .05533 .05105 .04720 18............................................................ .10616 .09680 .08842 .08090 .07415 .06809 .06264 .05774 .05332 .04933 19............................................................ .10994 .10037 .09178 .08407 .07714 .07091 .06529 .06023 .05566 .05153 20............................................................ .11384 .10406 .09527 .08737 .08025 .07383 .06805 .06283 .05811 .05384 21............................................................ .11790 .10790 .09891 .09080 .08349 .07690 .07094 .06555 .06068 .05626 22............................................................ .12208 .11188 .10267 .09436 .08686 .08008 .07395 .06839 .06336 .05879 23............................................................ .12643 .11601 .10659 .09808 .09038 .08342 .07710 .07138 .06618 .06146 24............................................................ .13095 .12031 .11069 .10197 .09408 .08692 .08042 .07452 .06915 .06427 25............................................................ .13567 .12481 .11497 .10605 .09795 .09060 .08392 .07784 .07230 .06726 26............................................................ .14058 .12950 .11945 .11032 .10202 .09447 .08760 .08134 .07563 .07042 27............................................................ .14571 .13442 .12415 .11481 .10631 .09856 .09149 .08505 .07916 .07379 28............................................................ .15104 .13953 .12904 .11949 .11078 .10284 .09558 .08895 .08288 .07733 29............................................................ .15656 .14484 .13414 .12438 .11546 .10731 .09986 .09304 .08679 .08106 30............................................................ .16229 .15034 .13943 .12946 .12034 .11198 .10433 .09732 .09089 .08498 31............................................................ .16821 .15605 .14493 .13474 .12541 .11685 .10900 .10179 .09517 .08909 32............................................................ .17433 .16196 .15063 .14023 .13069 .12193 .11387 .10647 .09966 .09339 33............................................................ .18068 .16810 .15655 .14595 .13620 .12723 .11897 .11137 .10437 .09791 34............................................................ .18724 .17446 .16270 .15189 .14193 .13275 .12430 .11650 .10930 .10265 35............................................................ .19405 .18107 .16910 .15808 .14791 .13853 .12987 .12187 .11448 .10764 36............................................................ .20109 .18791 .17574 .16451 .15414 .14456 .13569 .12749 .11990 .11287 37............................................................ .20838 .19500 .18263 .17120 .16062 .15083 .14177 .13337 .12558 .11835 38............................................................ .21593 .20236 .18979 .17816 .16739 .15739 .14813 .13953 .13154 .12412 39............................................................ .22374 .20998 .19723 .18540 .17443 .16423 .15477 .14597 .13779 .13017 40............................................................ .23183 .21789 .20496 .19294 .18177 .17138 .16172 .15272 .14434 .13653 41............................................................ .24021 .22611 .21299 .20079 .18943 .17885 .16899 .15980 .15123 .14322 42............................................................ .24889 .23463 .22134 .20896 .19741 .18665 .17660 .16721 .15845 .15025 43............................................................ .25786 .24344 .23000 .21744 .20572 .19477 .18453 .17496 .16601 .15762 44............................................................ .26712 .25257 .23896 .22625 .21435 .20322 .19281 .18305 .17391 .16534 45............................................................ .27665 .26196 .24821 .23534 .22328 .21198 .20139 .19145 .18213 .17338 46............................................................ .28644 .27163 .25774 .24472 .23251 .22105 .21028 .20018 .19068 .18174 47............................................................ .29647 .28155 .26754 .25438 .24201 .23040 .21947 .20919 .19952 .19041 48............................................................ .30676 .29173 .27760 .26431 .25181 .24004 .22896 .21852 .20868 .19941 49............................................................ .31729 .30217 .28794 .27453 .26190 .24999 .23876 .22817 .21817 .20873 50............................................................ .32808 .31289 .29856 .28505 .27229 .26026 .24889 .23814 .22799 .21839 51............................................................ .33912 .32387 .30946 .29585 .28299 .27083 .25933 .24845 .23815 .22840 52............................................................ .35038 .33507 .32060 .30691 .29395 .28168 .27005 .25904 .24861 .23872 53............................................................ .36185 .34651 .33198 .31821 .30517 .29280 .28106 .26993 .25937 .24934 54............................................................ .37352 .35815 .34358 .32976 .31664 .30418 .29234 .28110 .27042 .26026 55............................................................ .38539 .37002 .35542 .34155 .32836 .31583 .30390 .29256 .28177 .27149 56............................................................ .39746 .38209 .36748 .35358 .34034 .32774 .31574 .30431 .29342 .28303 57............................................................ .40971 .39437 .37976 .36584 .35257 .33992 .32785 .31634 .30536 .29488 58............................................................ .42212 .40682 .39222 .37829 .36500 .35231 .34019 .32862 .31756 .30699 59............................................................ .43464 .41939 .40482 .39090 .37759 .36488 .35272 .34109 .32996 .31932 60............................................................ .44726 .43207 .41754 .40364 .39034 .37761 .36542 .35375 .34257 .33186 61............................................................ .45999 .44488 .43041 .41655 .40326 .39053 .37833 .36662 .35540 .34463 62............................................................ .47286 .45785 .44345 .42964 .41639 .40367 .39146 .37974 .36848 .35767 63............................................................ .48589 .47098 .45667 .44293 .42972 .41703 .40484 .39311 .38184 .37100 64............................................................ .49903 .48426 .47005 .45638 .44324 .43060 .41843 .40671 .39544 .38458 65............................................................ .51229 .49766 .48357 .47001 .45694 .44435 .43223 .42054 .40927 .39841 66............................................................ .52568 .51121 .49726 .48381 .47084 .45833 .44626 .43461 .42337 .41252 67............................................................ .53924 .52495 .51115 .49784 .48498 .47256 .46056 .44898 .43778 .42696 68............................................................ .55293 .53883 .52521 .51205 .49932 .48701 .47511 .46360 .45246 .44169 69............................................................ .56671 .55283 .53940 .52640 .51382 .50165 .48985 .47844 .46738 .45666 70............................................................ .58052 .56687 .55365 .54084 .52843 .51639 .50473 .49342 .48245 .47181 71............................................................ .59431 .58091 .56791 .55529 .54306 .53118 .51966 .50847 .49761 .48707 72............................................................ .60804 .59490 .58213 .56973 .55768 .54598 .53461 .52357 .51283 .50239 73............................................................ .62168 .60881 .59629 .58411 .57227 .56076 .54955 .53866 .52806 .51774 [[Page 172]] 74............................................................ .63528 .62268 .61042 .59848 .58686 .57555 .56453 .55380 .54335 .53316 75............................................................ .64887 .63657 .62458 .61290 .60151 .59041 .57959 .56904 .55875 .54872 76............................................................ .66249 .65049 .63880 .62739 .61625 .60538 .59478 .58443 .57432 .56446 77............................................................ .67612 .66446 .65307 .64194 .63108 .62046 .61009 .59995 .59005 .58037 78............................................................ .68975 .67843 .66736 .65654 .64596 .63561 .62548 .61558 .60590 .59643 79............................................................ .70330 .69233 .68160 .67109 .66081 .65074 .64088 .63123 .62178 .61253 80............................................................ .71666 .70605 .69566 .68548 .67550 .66573 .65615 .64676 .63755 .62853 81............................................................ .72975 .71950 .70946 .69961 .68995 .68047 .67117 .66205 .65310 .64433 82............................................................ .74250 .73263 .72293 .71342 .70407 .69490 .68589 .67705 .66837 .65984 83............................................................ .75493 .74542 .73608 .72690 .71788 .70902 .70031 .69175 .68333 .67506 84............................................................ .76712 .75798 .74900 .74016 .73147 .72292 .71451 .70624 .69810 .69010 85............................................................ .77913 .77037 .76175 .75326 .74491 .73668 .72859 .72061 .71276 .70503 86............................................................ .79086 .78248 .77423 .76610 .75808 .75019 .74241 .73474 .72719 .71974 87............................................................ .80218 .79418 .78628 .77850 .77083 .76326 .75580 .74844 .74118 .73402 88............................................................ .81307 .80544 .79790 .79047 .78313 .77589 .76874 .76169 .75473 .74786 89............................................................ .82355 .81628 .80909 .80200 .79500 .78808 .78125 .77450 .76783 .76125 90............................................................ .83360 .82668 .81985 .81309 .80642 .79982 .79330 .78685 .78048 .77418 91............................................................ .84308 .83650 .83000 .82357 .81721 .81092 .80470 .79855 .79246 .78645 92............................................................ .85182 .84556 .83937 .83325 .82718 .82119 .81525 .80937 .80356 .79780 93............................................................ .85985 .85390 .84800 .84215 .83637 .83064 .82497 .81936 .81379 .80829 94............................................................ .86732 .86164 .85601 .85044 .84491 .83944 .83402 .82865 .82333 .81806 95............................................................ .87437 .86895 .86359 .85827 .85300 .84778 .84260 .83746 .83237 .82733 96............................................................ .88097 .87582 .87070 .86563 .86060 .85561 .85066 .84575 .84088 .83605 97............................................................ .88708 .88216 .87727 .87243 .86762 .86285 .85811 .85341 .84875 .84413 98............................................................ .89280 .88810 .88343 .87880 .87420 .86964 .86511 .86061 .85614 .85171 99............................................................ .89836 .89388 .88943 .88501 .88062 .87626 .87193 .86763 .86336 .85911 100........................................................... .90375 .89948 .89525 .89103 .88685 .88269 .87856 .87445 .87037 .86632 101........................................................... .90905 .90500 .90097 .89696 .89298 .88902 .88509 .88118 .87729 .87342 102........................................................... .91424 .91040 .90658 .90278 .89900 .89524 .89150 .88778 .88408 .88040 103........................................................... .91939 .91575 .91214 .90854 .90496 .90139 .89785 .89432 .89081 .88732 104........................................................... .92485 .92144 .91805 .91467 .91131 .90796 .90463 .90131 .89800 .89471 105........................................................... .93020 .92701 .92383 .92067 .91751 .91437 .91125 .90813 .90502 .90193 106........................................................... .93701 .93411 .93122 .92834 .92546 .92260 .91974 .91689 .91405 .91122 107........................................................... .94522 .94268 .94013 .93760 .93507 .93254 .93002 .92750 .92499 .92249 108........................................................... .95782 .95583 .95385 .95187 .94989 .94791 .94593 .94396 .94199 .94002 109........................................................... .97900 .97800 .97700 .97600 .97500 .97400 .97300 .97200 .97100 .97000 -------------------------------------------------------------------------------------------------------------------------------------------------------- Age 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 0............................................................. .02693 .02534 .02395 .02271 .02161 .02063 .01976 .01898 .01828 .01765 1............................................................. .01922 .01756 .01610 .01480 .01365 .01263 .01171 .01090 .01017 .00951 2............................................................. .01975 .01802 .01650 .01514 .01393 .01286 .01190 .01104 .01028 .00959 3............................................................. .02056 .01876 .01717 .01575 .01449 .01336 .01235 .01145 .01064 .00992 4............................................................. .02155 .01967 .01800 .01652 .01520 .01401 .01296 .01201 .01116 .01039 5............................................................. .02266 .02071 .01896 .01741 .01603 .01479 .01368 .01269 .01179 .01098 6............................................................. .02389 .02184 .02003 .01841 .01696 .01566 .01450 .01345 .01251 .01166 7............................................................. .02522 .02309 .02120 .01950 .01799 .01663 .01540 .01431 .01332 .01242 8............................................................. .02665 .02444 .02246 .02069 .01910 .01768 .01640 .01524 .01420 .01326 9............................................................. .02821 .02590 .02384 .02199 .02033 .01884 .01750 .01629 .01520 .01421 10............................................................ .02990 .02750 .02535 .02342 .02169 .02013 .01872 .01745 .01631 .01526 11............................................................ .03172 .02922 .02698 .02497 .02316 .02153 .02006 .01872 .01752 .01643 12............................................................ .03365 .03106 .02872 .02663 .02474 .02303 .02149 .02010 .01884 .01769 13............................................................ .03566 .03297 .03054 .02835 .02638 .02460 .02299 .02154 .02021 .01901 14............................................................ .03770 .03490 .03237 .03010 .02804 .02619 .02450 .02298 .02159 .02033 15............................................................ .03973 .03682 .03419 .03182 .02968 .02775 .02599 .02439 .02294 .02162 16............................................................ .04173 .03871 .03598 .03352 .03129 .02926 .02743 .02576 .02424 .02286 17............................................................ .04372 .04059 .03775 .03519 .03287 .03076 .02884 .02710 .02551 .02406 18............................................................ .04573 .04248 .03953 .03686 .03444 .03224 .03024 .02842 .02676 .02524 19............................................................ .04780 .04443 .04137 .03859 .03607 .03378 .03169 .02978 .02804 .02646 20............................................................ .04997 .04647 .04329 .04040 .03778 .03539 .03321 .03122 .02940 .02773 21............................................................ .05226 .04862 .04532 .04232 .03958 .03709 .03481 .03274 .03083 .02909 22............................................................ .05465 .05088 .04745 .04432 .04148 .03888 .03650 .03433 .03234 .03052 23............................................................ .05716 .05325 .04969 .04645 .04348 .04077 .03830 .03603 .03394 .03203 24............................................................ .05983 .05578 .05208 .04871 .04562 .04280 .04021 .03784 .03566 .03367 25............................................................ .06266 .05846 .05463 .05112 .04791 .04497 .04227 .03980 .03752 .03543 26............................................................ .06566 .06131 .05734 .05369 .05035 .04729 .04448 .04189 .03951 .03732 27............................................................ .06887 .06436 .06024 .05646 .05298 .04979 .04686 .04416 .04168 .03939 28............................................................ .07225 .06758 .06331 .05938 .05577 .05245 .04940 .04658 .04398 .04159 29............................................................ .07581 .07099 .06656 .06248 .05873 .05528 .05210 .04916 .04645 .04394 30............................................................ .07956 .07457 .06998 .06575 .06186 .05827 .05495 .05189 .04906 .04644 31............................................................ .08348 .07833 .07358 .06920 .06515 .06142 .05797 .05478 .05182 .04908 32............................................................ .08761 .08228 .07736 .07282 .06863 .06475 .06116 .05783 .05475 .05189 33............................................................ .09195 .08645 .08136 .07666 .07231 .06828 .06454 .06108 .05786 .05488 34............................................................ .09651 .09082 .08557 .08070 .07619 .07200 .06812 .06452 .06117 .05805 [[Page 173]] 35............................................................ .10131 .09545 .09002 .08498 .08030 .07596 .07193 .06818 .06469 .06144 36............................................................ .10635 .10031 .09470 .08949 .08465 .08015 .07596 .07206 .06842 .06503 37............................................................ .11165 .10542 .09963 .09424 .08923 .08457 .08022 .07617 .07238 .06885 38............................................................ .11722 .11081 .10484 .09927 .09409 .08926 .08475 .08054 .07661 .07293 39............................................................ .12308 .11648 .11032 .10458 .09922 .09422 .08955 .08518 .08109 .07726 40............................................................ .12925 .12246 .11612 .11020 .10466 .09949 .09465 .09011 .08587 .08189 41............................................................ .13575 .12877 .12225 .11614 .11043 .10508 .10007 .09537 .09097 .08683 42............................................................ .14259 .13542 .12871 .12243 .11654 .11101 .10583 .10097 .09640 .09210 43............................................................ .14977 .14242 .13552 .12905 .12298 .11729 .11193 .10690 .10217 .09771 44............................................................ .15731 .14976 .14269 .13604 .12979 .12391 .11838 .11318 .10828 .10367 45............................................................ .16516 .15743 .15017 .14334 .13691 .13086 .12516 .11979 .11472 .10994 46............................................................ .17334 .16544 .15800 .15099 .14438 .13816 .13228 .12674 .12150 .11656 47............................................................ .18184 .17375 .16613 .15895 .15217 .14576 .13972 .13400 .12860 .12349 48............................................................ .19066 .18240 .17461 .16724 .16029 .15371 .14749 .14161 .13604 .13077 49............................................................ .19981 .19138 .18342 .17588 .16875 .16201 .15562 .14956 .14383 .13839 50............................................................ .20931 .20072 .19259 .18489 .17759 .17067 .16412 .15790 .15199 .14639 51............................................................ .21917 .21042 .20212 .19426 .18679 .17971 .17299 .16660 .16054 .15477 52............................................................ .22933 .22043 .21198 .20395 .19633 .18909 .18220 .17566 .16943 .16350 53............................................................ .23981 .23076 .22216 .21399 .20621 .19881 .19176 .18506 .17867 .17258 54............................................................ .25060 .24141 .23267 .22434 .21642 .20886 .20166 .19480 .18826 .18201 55............................................................ .26171 .25239 .24351 .23504 .22697 .21927 .21192 .20491 .19821 .19182 56............................................................ .27313 .26369 .25468 .24608 .23787 .23003 .22254 .21538 .20854 .20199 57............................................................ .28487 .27531 .26618 .25746 .24912 .24114 .23351 .22621 .21923 .21254 58............................................................ .29688 .28722 .27798 .26914 .26067 .25257 .24481 .23738 .23025 .22343 59............................................................ .30913 .29937 .29002 .28107 .27249 .26427 .25639 .24882 .24157 .23461 60............................................................ .32159 .31175 .30231 .29325 .28457 .27623 .26823 .26055 .25317 .24608 61............................................................ .33429 .32437 .31485 .30571 .29692 .28848 .28037 .27257 .26507 .25786 62............................................................ .34728 .33730 .32770 .31847 .30960 .30106 .29285 .28495 .27734 .27001 63............................................................ .36057 .35053 .34087 .33157 .32262 .31400 .30569 .29769 .28998 .28255 64............................................................ .37412 .36404 .35433 .34498 .33596 .32726 .31887 .31078 .30298 .29545 65............................................................ .38794 .37783 .36809 .35868 .34961 .34085 .33239 .32422 .31633 .30871 66............................................................ .40205 .39193 .38216 .37272 .36361 .35479 .34628 .33804 .33008 .32238 67............................................................ .41650 .40639 .39661 .38715 .37800 .36915 .36059 .35230 .34428 .33651 68............................................................ .43126 .42117 .41139 .40193 .39277 .38390 .37530 .36697 .35890 .35108 69............................................................ .44628 .43622 .42648 .41703 .40787 .39898 .39037 .38201 .37391 .36604 70............................................................ .46150 .45149 .44178 .43236 .42321 .41433 .40571 .39735 .38922 .38132 71............................................................ .47683 .46689 .45723 .44785 .43873 .42987 .42126 .41290 .40476 .39685 72............................................................ .49225 .48238 .47279 .46346 .45439 .44556 .43697 .42862 .42048 .41257 73............................................................ .50770 .49793 .48841 .47915 .47013 .46135 .45280 .44447 .43635 .42844 74............................................................ .52324 .51358 .50416 .49498 .48603 .47731 .46880 .46051 .45242 .44454 75............................................................ .53894 .52939 .52008 .51100 .50214 .49349 .48505 .47681 .46877 .46092 76............................................................ .55483 .54543 .53624 .52728 .51852 .50996 .50160 .49344 .48546 .47766 77............................................................ .57091 .56167 .55263 .54380 .53516 .52671 .51845 .51038 .50247 .49475 78............................................................ .58716 .57809 .56922 .56053 .55203 .54372 .53557 .52760 .51980 .51216 79............................................................ .60346 .59459 .58590 .57738 .56904 .56086 .55286 .54501 .53732 .52978 80............................................................ .61969 .61102 .60252 .59419 .58601 .57800 .57014 .56243 .55487 .54745 81............................................................ .63571 .62726 .61897 .61082 .60283 .59499 .58729 .57974 .57232 .56503 82............................................................ .65146 .64324 .63515 .62722 .61942 .61176 .60423 .59683 .58957 .58242 83............................................................ .66693 .65893 .65108 .64335 .63575 .62828 .62093 .61371 .60660 .59962 84............................................................ .68222 .67447 .66684 .65934 .65195 .64468 .63753 .63049 .62356 .61674 85............................................................ .69742 .68993 .68255 .67528 .66812 .66106 .65411 .64727 .64053 .63389 86............................................................ .71241 .70517 .69805 .69102 .68410 .67727 .67054 .66390 .65736 .65091 87............................................................ .72696 .72000 .71313 .70635 .69967 .69307 .68656 .68014 .67381 .66756 88............................................................ .74108 .73438 .72777 .72125 .71480 .70845 .70217 .69597 .68985 .68380 89............................................................ .75475 .74832 .74198 .73571 .72951 .72339 .71734 .71137 .70547 .69963 90............................................................ .76796 .76180 .75572 .74971 .74376 .73788 .73207 .72633 .72065 .71503 91............................................................ .78049 .77460 .76878 .76302 .75732 .75168 .74610 .74058 .73512 .72972 92............................................................ .79211 .78647 .78089 .77537 .76990 .76449 .75913 .75383 .74858 .74338 93............................................................ .80283 .79743 .79208 .78679 .78154 .77634 .77119 .76610 .76105 .75604 94............................................................ .81283 .80765 .80253 .79744 .79240 .78741 .78247 .77756 .77270 .76789 95............................................................ .82233 .81737 .81245 .80757 .80274 .79795 .79320 .78849 .78382 .77918 96............................................................ .83126 .82651 .82180 .81712 .81248 .80788 .80332 .79880 .79431 .78985 97............................................................ .83953 .83498 .83046 .82597 .82152 .81710 .81271 .80836 .80404 .79976 98............................................................ .84731 .84294 .83860 .83429 .83002 .82577 .82155 .81737 .81321 .80908 99............................................................ .85490 .85071 .84656 .84243 .83832 .83425 .83020 .82618 .82219 .81822 100........................................................... .86229 .85828 .85431 .85035 .84642 .84252 .83864 .83478 .83095 .82714 101........................................................... .86958 .86575 .86195 .85818 .85442 .85069 .84698 .84329 .83962 .83597 102........................................................... .87674 .87310 .86947 .86587 .86229 .85873 .85518 .85166 .84815 .84466 103........................................................... .88384 .88038 .87694 .87351 .87010 .86671 .86334 .85998 .85663 .85331 104........................................................... .89143 .88817 .88492 .88169 .87847 .87526 .87207 .86889 .86573 .86258 105........................................................... .89885 .89578 .89272 .88967 .88664 .88361 .88060 .87760 .87461 .87163 106........................................................... .90840 .90559 .90278 .89999 .89720 .89442 .89165 .88888 .88613 .88338 107........................................................... .91999 .91750 .91501 .91253 .91005 .90758 .90511 .90265 .90019 .89774 108........................................................... .93805 .93609 .93412 .93216 .93020 .92824 .92629 .92434 .92239 .92044 [[Page 174]] 109........................................................... .96900 .96800 .96700 .96600 .96500 .96400 .96300 .96200 .96100 .96000 -------------------------------------------------------------------------------------------------------------------------------------------------------- Age 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 0............................................................. .01709 .01658 .01612 .01570 .01532 .01497 .01466 .01437 .01410 .01386 1............................................................. .00892 .00839 .00791 .00747 .00708 .00672 .00639 .00609 .00582 .00557 2............................................................. .00896 .00840 .00790 .00744 .00702 .00664 .00629 .00598 .00569 .00542 3............................................................. .00926 .00867 .00814 .00765 .00721 .00681 .00644 .00611 .00580 .00552 4............................................................. .00970 .00908 .00851 .00800 .00753 .00711 .00672 .00636 .00604 .00574 5............................................................. .01026 .00960 .00900 .00846 .00796 .00751 .00710 .00672 .00637 .00606 6............................................................. .01089 .01019 .00956 .00899 .00846 .00799 .00755 .00715 .00678 .00644 7............................................................. .01161 .01088 .01021 .00960 .00905 .00854 .00808 .00765 .00726 .00690 8............................................................. .01241 .01163 .01093 .01029 .00970 .00917 .00867 .00822 .00781 .00743 9............................................................. .01331 .01249 .01175 .01107 .01045 .00988 .00936 .00889 .00845 .00804 10............................................................ .01432 .01346 .01268 .01196 .01131 .01071 .01016 .00965 .00918 .00875 11............................................................ .01543 .01453 .01370 .01295 .01226 .01162 .01104 .01051 .01001 .00956 12............................................................ .01664 .01569 .01482 .01403 .01330 .01263 .01202 .01145 .01093 .01045 13............................................................ .01791 .01691 .01600 .01516 .01440 .01369 .01304 .01245 .01190 .01139 14............................................................ .01918 .01813 .01717 .01629 .01548 .01474 .01406 .01343 .01285 .01231 15............................................................ .02041 .01931 .01831 .01738 .01653 .01576 .01504 .01437 .01376 .01320 16............................................................ .02160 .02044 .01938 .01841 .01752 .01670 .01595 .01525 .01460 .01401 17............................................................ .02274 .02152 .02041 .01940 .01846 .01760 .01680 .01607 .01539 .01476 18............................................................ .02386 .02258 .02142 .02035 .01936 .01846 .01762 .01685 .01613 .01547 19............................................................ .02500 .02367 .02245 .02132 .02029 .01933 .01845 .01764 .01689 .01619 20............................................................ .02621 .02481 .02353 .02235 .02126 .02025 .01933 .01847 .01768 .01694 21............................................................ .02749 .02603 .02468 .02344 .02229 .02124 .02026 .01936 .01852 .01774 22............................................................ .02884 .02730 .02589 .02458 .02338 .02227 .02124 .02029 .01940 .01859 23............................................................ .03028 .02867 .02718 .02581 .02454 .02337 .02229 .02128 .02035 .01949 24............................................................ .03183 .03013 .02857 .02713 .02580 .02456 .02342 .02236 .02138 .02047 25............................................................ .03350 .03172 .03008 .02857 .02717 .02587 .02467 .02355 .02251 .02155 26............................................................ .03530 .03344 .03172 .03013 .02865 .02729 .02602 .02484 .02375 .02273 27............................................................ .03727 .03532 .03351 .03183 .03028 .02885 .02751 .02627 .02511 .02404 28............................................................ .03937 .03732 .03543 .03367 .03204 .03052 .02911 .02780 .02658 .02545 29............................................................ .04162 .03947 .03748 .03564 .03392 .03233 .03084 .02946 .02818 .02698 30............................................................ .04401 .04176 .03967 .03773 .03593 .03425 .03269 .03124 .02988 .02861 31............................................................ .04654 .04419 .04200 .03996 .03807 .03630 .03466 .03312 .03169 .03035 32............................................................ .04923 .04676 .04447 .04233 .04034 .03849 .03676 .03514 .03363 .03221 33............................................................ .05210 .04952 .04711 .04487 .04278 .04083 .03901 .03731 .03571 .03422 34............................................................ .05515 .05245 .04993 .04758 .04538 .04333 .04142 .03962 .03794 .03637 35............................................................ .05841 .05558 .05295 .05048 .04818 .04603 .04401 .04212 .04035 .03869 36............................................................ .06187 .05892 .05616 .05358 .05116 .04890 .04678 .04480 .04293 .04118 37............................................................ .06555 .06247 .05958 .05688 .05435 .05198 .04975 .04766 .04570 .04385 38............................................................ .06949 .06627 .06325 .06043 .05777 .05528 .05295 .05075 .04868 .04674 39............................................................ .07368 .07032 .06717 .06421 .06143 .05882 .05637 .05406 .05189 .04984 40............................................................ .07816 .07465 .07137 .06827 .06537 .06263 .06006 .05764 .05535 .05320 41............................................................ .08295 .07930 .07587 .07264 .06960 .06674 .06405 .06150 .05910 .05683 42............................................................ .08807 .08427 .08069 .07733 .07415 .07116 .06833 .06567 .06315 .06077 43............................................................ .09352 .08957 .08585 .08233 .07902 .07589 .07294 .07014 .06750 .06500 44............................................................ .09932 .09521 .09134 .08768 .08423 .08096 .07787 .07495 .07218 .06956 45............................................................ .10543 .10117 .09715 .09334 .08974 .08634 .08311 .08005 .07716 .07441 46............................................................ .11189 .10747 .10329 .09933 .09559 .09204 .08867 .08548 .08245 .07958 47............................................................ .11866 .11408 .10974 .10564 .10174 .09805 .09454 .09121 .08805 .08504 48............................................................ .12577 .12103 .11654 .11228 .10823 .10439 .10074 .09727 .09397 .09083 49............................................................ .13323 .12833 .12368 .11926 .11506 .11107 .10728 .10366 .10022 .09695 50............................................................ .14107 .13601 .13120 .12663 .12228 .11813 .11419 .11043 .10685 .10344 51............................................................ .14928 .14407 .13910 .13437 .12987 .12558 .12149 .11758 .11386 .11031 52............................................................ .15785 .15248 .14735 .14247 .13781 .13337 .12913 .12508 .12122 .11752 53............................................................ .16678 .16124 .15597 .15093 .14612 .14153 .13714 .13294 .12893 .12509 54............................................................ .17606 .17037 .16493 .15974 .15478 .15004 .14550 .14116 .13700 .13302 55............................................................ .18570 .17986 .17428 .16893 .16382 .15893 .15424 .14976 .14546 .14134 56............................................................ .19573 .18974 .18400 .17851 .17325 .16821 .16338 .15875 .15430 .15004 57............................................................ .20613 .20000 .19412 .18848 .18307 .17789 .17291 .16814 .16355 .15914 58............................................................ .21688 .21060 .20458 .19880 .19325 .18792 .18280 .17788 .17316 .16861 59............................................................ .22793 .22151 .21535 .20943 .20374 .19827 .19301 .18795 .18309 .17840 60............................................................ .23927 .23272 .22642 .22036 .21454 .20893 .20354 .19834 .19334 .18851 61............................................................ .25092 .24425 .23782 .23163 .22567 .21993 .21440 .20907 .20393 .19898 62............................................................ .26295 .25616 .24961 .24329 .23721 .23134 .22568 .22021 .21494 .20985 63............................................................ .27538 .26847 .26180 .25537 .24916 .24316 .23738 .23179 .22639 .22117 64............................................................ .28817 .28116 .27438 .26783 .26150 .25539 .24949 .24377 .23825 .23291 65............................................................ .30134 .29423 .28735 .28069 .27426 .26803 .26201 .25618 .25054 .24508 66............................................................ .31493 .30772 .30075 .29399 .28746 .28113 .27500 .26906 .26331 .25774 67............................................................ .32899 .32170 .31464 .30780 .30118 .29475 .28852 .28248 .27663 .27095 68............................................................ .34349 .33614 .32901 .32209 .31538 .30887 .30256 .29643 .29047 .28469 69............................................................ .35841 .35100 .34381 .33683 .33005 .32346 .31707 .31085 .30481 .29894 [[Page 175]] 70............................................................ .37366 .36620 .35896 .35193 .34509 .33844 .33197 .32568 .31957 .31362 71............................................................ .38916 .38167 .37440 .36732 .36043 .35372 .34720 .34084 .33466 .32864 72............................................................ .40486 .39736 .39006 .38295 .37602 .36927 .36270 .35629 .35005 .34396 73............................................................ .42074 .41323 .40591 .39878 .39182 .38504 .37843 .37198 .36568 .35955 74............................................................ .43685 .42934 .42202 .41488 .40791 .40110 .39446 .38798 .38165 .37547 75............................................................ .45326 .44577 .43846 .43132 .42435 .41754 .41088 .40438 .39802 .39181 76............................................................ .47004 .46259 .45530 .44818 .44122 .43442 .42776 .42125 .41488 .40865 77............................................................ .48718 .47979 .47255 .46547 .45853 .45175 .44511 .43861 .43225 .42601 78............................................................ .50467 .49735 .49017 .48314 .47626 .46951 .46290 .45643 .45008 .44386 79............................................................ .52239 .51515 .50806 .50110 .49427 .48758 .48102 .47459 .46828 .46209 80............................................................ .54018 .53304 .52603 .51916 .51242 .50580 .49930 .49292 .48666 .48052 81............................................................ .55788 .55085 .54396 .53718 .53053 .52399 .51757 .51126 .50507 .49898 82............................................................ .57540 .56851 .56173 .55506 .54851 .54207 .53574 .52951 .52339 .51737 83............................................................ .59274 .58598 .57933 .57279 .56635 .56001 .55378 .54765 .54161 .53567 84............................................................ .61002 .60341 .59690 .59049 .58418 .57796 .57184 .56582 .55988 .55403 85............................................................ .62734 .62090 .61454 .60828 .60211 .59603 .59004 .58414 .57832 .57258 86............................................................ .64455 .63828 .63210 .62600 .61999 .61406 .60821 .60244 .59675 .59113 87............................................................ .66139 .65531 .64930 .64337 .63752 .63175 .62605 .62043 .61488 .60939 88............................................................ .67783 .67194 .66612 .66037 .65469 .64908 .64354 .63807 .63267 .62733 89............................................................ .69387 .68817 .68254 .67698 .67148 .66605 .66068 .65537 .65012 .64493 90............................................................ .70947 .70398 .69855 .69318 .68786 .68261 .67742 .67228 .66719 .66217 91............................................................ .72437 .71908 .71385 .70867 .70354 .69847 .69345 .68848 .68357 .67870 92............................................................ .73823 .73314 .72810 .72310 .71816 .71326 .70841 .70361 .69886 .69415 93............................................................ .75109 .74618 .74132 .73650 .73173 .72700 .72232 .71768 .71308 .70852 94............................................................ .76312 .75839 .75370 .74905 .74445 .73988 .73536 .73087 .72643 .72202 95............................................................ .77459 .77004 .76552 .76104 .75660 .75220 .74783 .74350 .73920 .73494 96............................................................ .78543 .78105 .77670 .77238 .76810 .76386 .75964 .75546 .75131 .74720 97............................................................ .79550 .79128 .78709 .78293 .77880 .77470 .77063 .76659 .76258 .75860 98............................................................ .80498 .80091 .79687 .79286 .78888 .78492 .78099 .77709 .77322 .76937 99............................................................ .81428 .81036 .80647 .80261 .79877 .79496 .79117 .78741 .78367 .77995 100........................................................... .82336 .81959 .81586 .81214 .80845 .80478 .80113 .79751 .79390 .79032 101........................................................... .83234 .82873 .82515 .82158 .81804 .81451 .81101 .80753 .80406 .80062 102........................................................... .84119 .83774 .83431 .83089 .82750 .82412 .82076 .81742 .81409 .81078 103........................................................... .84999 .84670 .84342 .84016 .83691 .83368 .83046 .82726 .82408 .82091 104........................................................... .85944 .85632 .85321 .85011 .84703 .84396 .84090 .83786 .83483 .83182 105........................................................... .86866 .86570 .86276 .85982 .85690 .85399 .85109 .84820 .84532 .84245 106........................................................... .88065 .87792 .87520 .87248 .86978 .86708 .86440 .86172 .85905 .85638 107........................................................... .89530 .89286 .89042 .88799 .88557 .88315 .88073 .87833 .87592 .87352 108........................................................... .91849 .91654 .91460 .91266 .91072 .90879 .90685 .90492 .90299 .90106 109........................................................... .95900 .95800 .95700 .95600 .95500 .95400 .95300 .95200 .95100 .95000 -------------------------------------------------------------------------------------------------------------------------------------------------------- Age 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 0............................................................. .01363 .01342 .01323 .01305 .01288 .01272 .01258 .01244 .01231 .01219 1............................................................. .00534 .00512 .00493 .00474 .00458 .00442 .00427 .00414 .00401 .00389 2............................................................. .00518 .00495 .00474 .00455 .00437 .00421 .00405 .00391 .00377 .00365 3............................................................. .00526 .00502 .00480 .00459 .00440 .00422 .00406 .00391 .00376 .00363 4............................................................. .00546 .00521 .00497 .00475 .00455 .00436 .00419 .00402 .00387 .00373 5............................................................. .00576 .00549 .00524 .00501 .00479 .00459 .00440 .00423 .00406 .00391 6............................................................. .00613 .00584 .00557 .00532 .00509 .00488 .00468 .00449 .00432 .00415 7............................................................. .00657 .00626 .00598 .00571 .00547 .00524 .00502 .00482 .00464 .00446 8............................................................. .00707 .00675 .00644 .00616 .00590 .00565 .00542 .00521 .00501 .00482 9............................................................. .00766 .00732 .00699 .00669 .00641 .00615 .00591 .00568 .00547 .00527 10............................................................ .00835 .00798 .00764 .00732 .00702 .00675 .00649 .00624 .00602 .00580 11............................................................ .00913 .00874 .00838 .00804 .00772 .00743 .00715 .00689 .00665 .00642 12............................................................ .01000 .00959 .00920 .00884 .00851 .00819 .00790 .00762 .00737 .00712 13............................................................ .01091 .01048 .01007 .00969 .00933 .00900 .00869 .00840 .00813 .00787 14............................................................ .01181 .01135 .01092 .01052 .01014 .00979 .00947 .00916 .00887 .00860 15............................................................ .01267 .01218 .01173 .01130 .01091 .01054 .01019 .00987 .00956 .00928 16............................................................ .01345 .01294 .01246 .01201 .01160 .01121 .01084 .01050 .01018 .00988 17............................................................ .01418 .01364 .01313 .01266 .01222 .01181 .01143 .01107 .01073 .01041 18............................................................ .01486 .01429 .01375 .01326 .01279 .01236 .01196 .01158 .01122 .01088 19............................................................ .01554 .01494 .01438 .01385 .01336 .01291 .01248 .01208 .01170 .01135 20............................................................ .01626 .01562 .01503 .01448 .01396 .01348 .01303 .01260 .01220 .01183 21............................................................ .01702 .01635 .01573 .01514 .01460 .01409 .01361 .01316 .01274 .01235 22............................................................ .01782 .01711 .01645 .01584 .01526 .01472 .01422 .01374 .01330 .01288 23............................................................ .01868 .01793 .01724 .01658 .01597 .01540 .01487 .01437 .01390 .01345 24............................................................ .01962 .01883 .01809 .01740 .01675 .01615 .01558 .01505 .01455 .01408 25............................................................ .02065 .01981 .01903 .01830 .01762 .01698 .01638 .01581 .01528 .01478 26............................................................ .02178 .02089 .02006 .01929 .01856 .01789 .01725 .01665 .01609 .01556 27............................................................ .02303 .02209 .02122 .02040 .01963 .01891 .01824 .01760 .01700 .01644 28............................................................ .02439 .02339 .02247 .02160 .02079 .02002 .01931 .01863 .01800 .01740 29............................................................ .02585 .02480 .02382 .02290 .02204 .02123 .02047 .01976 .01908 .01845 30............................................................ .02742 .02631 .02527 .02430 .02339 .02253 .02172 .02096 .02025 .01957 [[Page 176]] 31............................................................ .02910 .02793 .02683 .02579 .02482 .02391 .02306 .02225 .02149 .02077 32............................................................ .03089 .02965 .02849 .02739 .02636 .02540 .02449 .02363 .02282 .02206 33............................................................ .03282 .03151 .03028 .02912 .02803 .02701 .02604 .02513 .02427 .02346 34............................................................ .03489 .03350 .03220 .03097 .02982 .02873 .02771 .02674 .02583 .02497 35............................................................ .03713 .03567 .03429 .03299 .03177 .03061 .02953 .02850 .02753 .02661 36............................................................ .03953 .03798 .03653 .03515 .03386 .03263 .03148 .03039 .02936 .02838 37............................................................ .04211 .04048 .03894 .03748 .03611 .03481 .03359 .03243 .03134 .03030 38............................................................ .04490 .04318 .04155 .04001 .03856 .03719 .03589 .03466 .03350 .03239 39............................................................ .04791 .04609 .04437 .04274 .04120 .03975 .03837 .03707 .03583 .03466 40............................................................ .05116 .04924 .04742 .04571 .04408 .04254 .04108 .03970 .03839 .03714 41............................................................ .05469 .05267 .05075 .04894 .04722 .04559 .04405 .04258 .04119 .03987 42............................................................ .05851 .05638 .05436 .05245 .05063 .04891 .04728 .04573 .04425 .04285 43............................................................ .06263 .06039 .05827 .05625 .05433 .05252 .05079 .04915 .04759 .04610 44............................................................ .06707 .06472 .06248 .06035 .05834 .05642 .05459 .05286 .05121 .04963 45............................................................ .07180 .06933 .06698 .06474 .06262 .06059 .05867 .05684 .05509 .05342 46............................................................ .07685 .07425 .07178 .06943 .06720 .06507 .06304 .06110 .05926 .05750 47............................................................ .08218 .07946 .07687 .07440 .07205 .06981 .06768 .06564 .06369 .06183 48............................................................ .08784 .08499 .08228 .07969 .07722 .07487 .07262 .07047 .06842 .06646 49............................................................ .09382 .09085 .08801 .08530 .08271 .08024 .07788 .07562 .07346 .07140 50............................................................ .10018 .09707 .09410 .09127 .08856 .08597 .08349 .08112 .07885 .07667 51............................................................ .10691 .10367 .10057 .09761 .09477 .09206 .08946 .08697 .08459 .08231 52............................................................ .11399 .11061 .10738 .10429 .10132 .09849 .09577 .09316 .09066 .08826 53............................................................ .12142 .11791 .11454 .11132 .10823 .10526 .10242 .09969 .09707 .09456 54............................................................ .12921 .12556 .12206 .11870 .11548 .11239 .10942 .10657 .10383 .10120 55............................................................ .13738 .13359 .12995 .12646 .12311 .11989 .11679 .11382 .11096 .10820 56............................................................ .14595 .14202 .13824 .13462 .13113 .12778 .12456 .12146 .11847 .11560 57............................................................ .15491 .15084 .14693 .14317 .13955 .13607 .13272 .12949 .12638 .12338 58............................................................ .16424 .16004 .15599 .15209 .14834 .14473 .14125 .13789 .13465 .13153 59............................................................ .17390 .16955 .16537 .16134 .15746 .15371 .15010 .14662 .14325 .14001 60............................................................ .18387 .17939 .17507 .17091 .16689 .16302 .15927 .15566 .15217 .14880 61............................................................ .19420 .18958 .18513 .18084 .17669 .17268 .16881 .16506 .16145 .15795 62............................................................ .20494 .20020 .19561 .19119 .18691 .18277 .17877 .17490 .17115 .16753 63............................................................ .21613 .21126 .20654 .20199 .19758 .19331 .18918 .18518 .18131 .17757 64............................................................ .22774 .22274 .21791 .21322 .20869 .20429 .20004 .19592 .19192 .18805 65............................................................ .23979 .23467 .22971 .22490 .22025 .21573 .21135 .20710 .20299 .19899 66............................................................ .25233 .24709 .24202 .23709 .23231 .22767 .22318 .21881 .21457 .21045 67............................................................ .26543 .26009 .25489 .24985 .24496 .24021 .23560 .23111 .22676 .22252 68............................................................ .27908 .27363 .26833 .26319 .25819 .25332 .24860 .24400 .23954 .23519 69............................................................ .29324 .28769 .28230 .27705 .27195 .26699 .26216 .25746 .25288 .24843 70............................................................ .30783 .30219 .29671 .29137 .28618 .28112 .27619 .27139 .26672 .26216 71............................................................ .32277 .31706 .31150 .30608 .30079 .29564 .29063 .28573 .28096 .27631 72............................................................ .33803 .33225 .32661 .32112 .31575 .31052 .30542 .30044 .29559 .29084 73............................................................ .35356 .34772 .34201 .33645 .33101 .32571 .32053 .31547 .31053 .30571 74............................................................ .36943 .36354 .35778 .35215 .34666 .34129 .33604 .33091 .32590 .32100 75............................................................ .38574 .37980 .37400 .36833 .36278 .35735 .35205 .34686 .34178 .33681 76............................................................ .40256 .39660 .39076 .38505 .37947 .37400 .36864 .36340 .35827 .35324 77............................................................ .41991 .41394 .40808 .40235 .39674 .39124 .38585 .38056 .37539 .37032 78............................................................ .43777 .43180 .42594 .42020 .41457 .40906 .40365 .39834 .39314 .38803 79............................................................ .45602 .45007 .44422 .43849 .43287 .42735 .42193 .41661 .41139 .40627 80............................................................ .47449 .46856 .46275 .45704 .45143 .44592 .44051 .43519 .42997 .42484 81............................................................ .49300 .48712 .48134 .47566 .47008 .46460 .45921 .45391 .44870 .44357 82............................................................ .51145 .50563 .49990 .49427 .48873 .48328 .47792 .47265 .46746 .46235 83............................................................ .52983 .52407 .51841 .51284 .50735 .50195 .49663 .49139 .48624 .48116 84............................................................ .54828 .54261 .53702 .53151 .52609 .52075 .51549 .51030 .50519 .50015 85............................................................ .56693 .56135 .55586 .55044 .54510 .53983 .53464 .52952 .52447 .51949 86............................................................ .58560 .58013 .57474 .56943 .56418 .55901 .55390 .54886 .54389 .53898 87............................................................ .60398 .59864 .59337 .58817 .58303 .57795 .57294 .56799 .56310 .55828 88............................................................ .62206 .61685 .61170 .60662 .60159 .59663 .59173 .58688 .58209 .57736 89............................................................ .63980 .63474 .62972 .62477 .61987 .61503 .61024 .60551 .60083 .59620 90............................................................ .65719 .65227 .64741 .64259 .63783 .63312 .62846 .62385 .61928 .61477 91............................................................ .67388 .66912 .66440 .65973 .65511 .65053 .64600 .64152 .63708 .63269 92............................................................ .68949 .68487 .68030 .67577 .67129 .66685 .66245 .65809 .65378 .64950 93............................................................ .70401 .69954 .69511 .69072 .68637 .68205 .67778 .67355 .66935 .66519 94............................................................ .71765 .71332 .70902 .70477 .70055 .69636 .69222 .68810 .68403 .67998 95............................................................ .73072 .72653 .72237 .71825 .71416 .71010 .70608 .70209 .69813 .69421 96............................................................ .74311 .73906 .73504 .73105 .72709 .72316 .71926 .71539 .71155 .70774 97............................................................ .75465 .75073 .74684 .74297 .73914 .73533 .73155 .72780 .72407 .72037 98............................................................ .76555 .76175 .75798 .75424 .75052 .74683 .74317 .73953 .73591 .73232 99............................................................ .77626 .77260 .76895 .76534 .76174 .75817 .75462 .75109 .74759 .74411 100........................................................... .78676 .78323 .77971 .77622 .77274 .76929 .76586 .76245 .75906 .75569 101........................................................... .79719 .79379 .79040 .78703 .78368 .78035 .77704 .77375 .77048 .76722 102........................................................... .80749 .80422 .80096 .79772 .79450 .79130 .78811 .78494 .78178 .77864 103........................................................... .81775 .81461 .81149 .80838 .80529 .80221 .79914 .79609 .79306 .79003 104........................................................... .82881 .82582 .82284 .81988 .81693 .81399 .81106 .80815 .80525 .80236 [[Page 177]] 105........................................................... .83959 .83674 .83391 .83108 .82826 .82546 .82267 .81988 .81711 .81435 106........................................................... .85373 .85108 .84844 .84581 .84319 .84058 .83797 .83537 .83278 .83020 107........................................................... .87113 .86875 .86636 .86399 .86161 .85925 .85689 .85453 .85218 .84984 108........................................................... .89913 .89721 .89529 .89337 .89145 .88953 .88762 .88571 .88380 .88189 109........................................................... .94900 .94800 .94700 .94600 .94500 .94400 .94300 .94200 .94100 .94000 -------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------- Age 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0% -------------------------------------------------------------------------------------------------------------------------------------------------------- 0............................................................. .01208 .01197 .01187 .01177 .01168 .01159 .01151 .01143 .01135 .01128 1............................................................. .00378 .00367 .00358 .00348 .00340 .00331 .00323 .00316 .00309 .00302 2............................................................. .00353 .00342 .00331 .00322 .00312 .00304 .00295 .00288 .00280 .00273 3............................................................. .00350 .00339 .00327 .00317 .00307 .00298 .00289 .00281 .00273 .00265 4............................................................. .00359 .00347 .00335 .00324 .00313 .00303 .00294 .00285 .00276 .00268 5............................................................. .00377 .00363 .00351 .00339 .00327 .00317 .00306 .00297 .00288 .00279 6............................................................. .00400 .00386 .00372 .00359 .00347 .00335 .00325 .00314 .00305 .00295 7............................................................. .00430 .00414 .00400 .00386 .00373 .00360 .00349 .00338 .00327 .00317 8............................................................. .00465 .00448 .00432 .00417 .00403 .00390 .00378 .00366 .00354 .00344 9............................................................. .00508 .00490 .00473 .00457 .00442 .00428 .00414 .00402 .00389 .00378 10............................................................ .00560 .00541 .00523 .00506 .00490 .00475 .00460 .00446 .00433 .00421 11............................................................ .00620 .00600 .00581 .00563 .00546 .00529 .00514 .00499 .00485 .00472 12............................................................ .00689 .00668 .00647 .00628 .00610 .00593 .00576 .00560 .00545 .00531 13............................................................ .00763 .00740 .00718 .00698 .00678 .00660 .00642 .00626 .00610 .00595 14............................................................ .00834 .00810 .00787 .00766 .00745 .00726 .00707 .00689 .00673 .00657 15............................................................ .00901 .00875 .00851 .00828 .00807 .00786 .00767 .00748 .00730 .00714 16............................................................ .00959 .00932 .00907 .00883 .00860 .00839 .00818 .00799 .00780 .00762 17............................................................ .01011 .00983 .00956 .00930 .00907 .00884 .00862 .00842 .00822 .00804 18............................................................ .01057 .01027 .00999 .00972 .00947 .00923 .00900 .00879 .00858 .00839 19............................................................ .01101 .01070 .01040 .01012 .00985 .00960 .00936 .00914 .00892 .00871 20............................................................ .01148 .01115 .01083 .01054 .01026 .00999 .00974 .00950 .00927 .00905 21............................................................ .01197 .01162 .01129 .01098 .01068 .01040 .01014 .00988 .00964 .00941 22............................................................ .01249 .01211 .01176 .01143 .01112 .01082 .01054 .01027 .01002 .00978 23............................................................ .01304 .01264 .01227 .01192 .01159 .01127 .01098 .01069 .01042 .01017 24............................................................ .01364 .01322 .01283 .01246 .01210 .01177 .01145 .01115 .01087 .01060 25............................................................ .01431 .01387 .01345 .01306 .01268 .01233 .01199 .01168 .01137 .01109 26............................................................ .01506 .01459 .01415 .01373 .01333 .01295 .01260 .01226 .01194 .01163 27............................................................ .01591 .01541 .01494 .01449 .01407 .01367 .01329 .01293 .01259 .01226 28............................................................ .01684 .01631 .01580 .01533 .01488 .01445 .01405 .01367 .01330 .01296 29............................................................ .01785 .01728 .01675 .01624 .01577 .01531 .01488 .01447 .01408 .01372 30............................................................ .01893 .01833 .01776 .01723 .01672 .01623 .01578 .01534 .01493 .01453 31............................................................ .02010 .01946 .01885 .01828 .01773 .01722 .01673 .01627 .01582 .01540 32............................................................ .02134 .02066 .02002 .01940 .01883 .01828 .01776 .01726 .01679 .01634 33............................................................ .02270 .02197 .02128 .02063 .02002 .01943 .01887 .01835 .01784 .01736 34............................................................ .02415 .02338 .02265 .02195 .02130 .02067 .02008 .01951 .01897 .01846 35............................................................ .02574 .02492 .02414 .02340 .02270 .02203 .02140 .02080 .02022 .01967 36............................................................ .02746 .02658 .02575 .02496 .02422 .02350 .02283 .02218 .02157 .02098 37............................................................ .02932 .02838 .02750 .02666 .02586 .02510 .02438 .02369 .02303 .02241 38............................................................ .03135 .03035 .02941 .02851 .02766 .02685 .02608 .02534 .02464 .02397 39............................................................ .03355 .03249 .03149 .03053 .02962 .02876 .02793 .02715 .02640 .02568 40............................................................ .03596 .03484 .03377 .03275 .03178 .03086 .02998 .02914 .02833 .02757 41............................................................ .03861 .03742 .03628 .03520 .03416 .03318 .03224 .03134 .03048 .02966 42............................................................ .04152 .04025 .03903 .03788 .03678 .03573 .03473 .03377 .03285 .03198 43............................................................ .04468 .04333 .04205 .04082 .03965 .03853 .03746 .03644 .03546 .03453 44............................................................ .04813 .04670 .04533 .04403 .04278 .04159 .04045 .03936 .03832 .03732 45............................................................ .05183 .05032 .04887 .04748 .04616 .04489 .04368 .04252 .04141 .04034 46............................................................ .05582 .05421 .05267 .05121 .04980 .04846 .04717 .04593 .04475 .04362 47............................................................ .06006 .05836 .05673 .05518 .05369 .05226 .05089 .04958 .04832 .04711 48............................................................ .06459 .06279 .06107 .05943 .05785 .05634 .05488 .05349 .05216 .05087 49............................................................ .06942 .06752 .06571 .06397 .06230 .06070 .05916 .05768 .05626 .05490 50............................................................ .07459 .07259 .07068 .06884 .06708 .06538 .06376 .06219 .06069 .05924 51............................................................ .08012 .07801 .07599 .07406 .07220 .07041 .06869 .06703 .06544 .06391 52............................................................ .08596 .08375 .08163 .07959 .07763 .07574 .07392 .07218 .07049 .06887 53............................................................ .09214 .08982 .08759 .08544 .08338 .08139 .07948 .07763 .07586 .07415 54............................................................ .09867 .09623 .09389 .09164 .08946 .08737 .08536 .08342 .08154 .07974 55............................................................ .10556 .10301 .10055 .09819 .09591 .09371 .09159 .08955 .08757 .08567 56............................................................ .11283 .11016 .10759 .10511 .10272 .10042 .09819 .09605 .09397 .09197 57............................................................ .12050 .11771 .11502 .11243 .10993 .10751 .10518 .10293 .10075 .09864 58............................................................ .12852 .12562 .12281 .12011 .11749 .11496 .11252 .11016 .10787 .10567 59............................................................ .13687 .13385 .13092 .12810 .12537 .12273 .12017 .11770 .11531 .11299 60............................................................ .14554 .14240 .13935 .13641 .13356 .13080 .12813 .12555 .12305 .12063 61............................................................ .15457 .15130 .14813 .14507 .14210 .13923 .13644 .13375 .13113 .12860 62............................................................ .16402 .16063 .15734 .15415 .15107 .14808 .14518 .14237 .13964 .13699 63............................................................ .17393 .17042 .16700 .16370 .16049 .15738 .15437 .15144 .14860 .14584 64............................................................ .18429 .18065 .17712 .17369 .17036 .16714 .16400 .16096 .15800 .15513 65............................................................ .19511 .19135 .18769 .18415 .18070 .17735 .17410 .17094 .16787 .16488 [[Page 178]] 66............................................................ .20645 .20257 .19880 .19513 .19157 .18810 .18473 .18146 .17827 .17517 67............................................................ .21841 .21441 .21052 .20673 .20305 .19947 .19599 .19259 .18929 .18608 68............................................................ .23096 .22685 .22284 .21895 .21515 .21146 .20786 .20436 .20094 .19762 69............................................................ .24409 .23987 .23575 .23175 .22784 .22404 .22033 .21672 .21320 .20976 70............................................................ .25772 .25339 .24918 .24507 .24106 .23715 .23333 .22961 .22598 .22244 71............................................................ .27178 .26735 .26304 .25882 .25471 .25070 .24679 .24296 .23923 .23559 72............................................................ .28622 .28170 .27729 .27298 .26877 .26467 .26065 .25673 .25290 .24915 73............................................................ .30100 .29639 .29189 .28749 .28320 .27899 .27489 .27087 .26694 .26310 74............................................................ .31621 .31152 .30694 .30246 .29807 .29378 .28959 .28548 .28146 .27753 75............................................................ .33195 .32719 .32253 .31797 .31351 .30914 .30486 .30067 .29657 .29255 76............................................................ .34832 .34350 .33877 .33415 .32961 .32517 .32082 .31656 .31238 .30828 77............................................................ .36535 .36047 .35570 .35101 .34642 .34192 .33750 .33317 .32892 .32475 78............................................................ .38302 .37811 .37329 .36856 .36392 .35937 .35490 .35051 .34621 .34198 79............................................................ .40124 .39630 .39145 .38669 .38201 .37742 .37291 .36848 .36413 .35985 80............................................................ .41980 .41485 .40998 .40520 .40050 .39588 .39134 .38688 .38249 .37818 81............................................................ .43854 .43358 .42871 .42392 .41921 .41457 .41001 .40553 .40112 .39678 82............................................................ .45733 .45238 .44752 .44273 .43802 .43338 .42881 .42431 .41989 .41553 83............................................................ .47616 .47123 .46638 .46161 .45690 .45227 .44770 .44320 .43877 .43441 84............................................................ .49519 .49030 .48548 .48073 .47604 .47143 .46688 .46239 .45797 .45361 85............................................................ .51458 .50974 .50496 .50025 .49560 .49102 .48650 .48204 .47763 .47329 86............................................................ .53413 .52935 .52463 .51998 .51538 .51084 .50636 .50194 .49758 .49327 87............................................................ .55351 .54881 .54416 .53957 .53503 .53055 .52613 .52176 .51744 .51317 88............................................................ .57268 .56806 .56349 .55898 .55451 .55010 .54574 .54144 .53718 .53296 89............................................................ .59162 .58710 .58262 .57819 .57382 .56949 .56520 .56097 .55678 .55263 90............................................................ .61030 .60588 .60151 .59718 .59290 .58866 .58447 .58032 .57621 .57214 91............................................................ .62834 .62403 .61977 .61554 .61136 .60722 .60312 .59907 .59505 .59107 92............................................................ .64527 .64107 .63692 .63280 .62872 .62468 .62068 .61672 .61279 .60890 93............................................................ .66107 .65699 .65294 .64893 .64495 .64101 .63711 .63323 .62940 .62559 94............................................................ .67597 .67200 .66806 .66415 .66027 .65643 .65262 .64884 .64509 .64138 95............................................................ .69031 .68645 .68262 .67881 .67504 .67130 .66759 .66390 .66025 .65662 96............................................................ .70396 .70021 .69648 .69279 .68912 .68548 .68186 .67828 .67471 .67118 97............................................................ .71670 .71305 .70943 .70584 .70227 .69872 .69520 .69171 .68824 .68480 98............................................................ .72875 .72521 .72169 .71819 .71472 .71127 .70784 .70444 .70106 .69770 99............................................................ .74065 .73721 .73379 .73040 .72703 .72368 .72035 .71704 .71375 .71048 100........................................................... .75234 .74901 .74570 .74241 .73914 .73589 .73265 .72944 .72625 .72307 101........................................................... .76399 .76077 .75757 .75438 .75122 .74807 .74494 .74183 .73873 .73565 102........................................................... .77552 .77241 .76932 .76625 .76319 .76015 .75712 .75411 .75111 .74813 103........................................................... .78703 .78404 .78106 .77809 .77514 .77221 .76929 .76638 .76348 .76060 104........................................................... .79948 .79662 .79377 .79093 .78810 .78528 .78248 .77969 .77691 .77414 105........................................................... .81159 .80885 .80612 .80340 .80069 .79799 .79530 .79262 .78995 .78729 106........................................................... .82763 .82506 .82250 .81995 .81741 .81488 .81235 .80983 .80732 .80482 107........................................................... .84749 .84516 .84283 .84051 .83819 .83587 .83356 .83126 .82896 .82666 108........................................................... .87999 .87808 .87618 .87428 .87238 .87049 .86859 .86670 .86481 .86293 109........................................................... .93900 .93800 .93700 .93600 .93500 .93400 .93300 .93200 .93100 .93000 -------------------------------------------------------------------------------------------------------------------------------------------------------- (f) Effective dates. This section applies after April 30, 1999. [T.D. 8540, 59 FR 30117, June 10, 1994, as amended by T.D. 8819, 64 FR 23199, Apr. 30, 1999; T.D. 8886, 65 FR 36919, 36943, June 12, 2000] treatment of excess distributions of trusts applicable to taxable years beginning before january 1, 1969