26 CFR § 1.6644  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 § 1.6643) 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 2000CM contained in § 20.20317(d)(7) of this chapter in the case of transfers for which the valuation date is on or after May 1, 2009; or from Table 90CM contained in § 20.20317A(f)(4) in the case of transfers for which the valuation date is after April 30, 1999, and before May 1, 2009. See § 20.20317A(a) through (e), whichever is applicable, for transfers for which the valuation date is before May 1, 1999;
(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 § 20.20317A (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 § 1.6643(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 1.75201(c)(2) refers to government publications that provide additional tables 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 § 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 § 1.6643) for transfers for which the valuation date is on or after May 1, 2009, 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 § 1.6643) for transfers for which the valuation date is before May 1, 2009, is its present value determined under the following sections:




After  Before  
  010152  1.6644A(a) 
123151  010171  1.6644A(b) 
123170  120183  1.6644A(c) 
113083  050189  1.6644A(d) 
043089  050199  1.6644A(e) 
043099  050109  1.6644A(f) 
(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is on or after May 1, 2009 
(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 on or after May 1, 2009, 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 § 1.6643(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, § 1.75203(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, 2009, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died on or after May 1, 2009, 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 on or after May 1, 2009, 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 or after May 1, 2009, 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 on or after May 1, 2009, and before July 1, 2009, 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 §§ 1.75201(b) and 1.75202(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or § 1.6644A(f)(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 (e)(2)(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 § 1.6644A(f)(6), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (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 § 1.6643(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 § 1.6643(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 § 1.75202(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 § 1.75202(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:
Factor at 7.4 percent for 12 years  .397495 

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

Less: Interpolation adjustment  .007992 
Interpolated factor  .389503 
(5) Period is the life of one individual.
(i) If the period described in § 1.6643(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 on or after May 1, 2009, 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 (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The 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.
(ii) The application of paragraph (e)(5)(i) of this section may be illustrated by the following example:
(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 on or after May 1, 2009, 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, § 1.75203(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 Valuations Version 3B” (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at http://www.irs.gov.
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]
Years  Adjusted payout rate  

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]
Years  Adjusted payout rate  

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]
Years  Adjusted payout rate  

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 
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]
Years  Adjusted payout rate  

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]
Years  Adjusted payout rate  

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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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  
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  but less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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  
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  but less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 
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 for the first full taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 for the first rull taxable year of the trust precedes the first payout 
2
Factors for payout at the end of each period 


At least  But less than  Annual period  Semiannual period  Quarterly period  Monthly period 
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 on or after May 1, 2009. For transfers for which the valuation date is on or after May 1, 2009, 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, § 1.75203(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 Valuations Version 3B” (2009). This publication is available, at no charge, electronically via the IRS Internet site at http://www.irs.gov.
(f) Effective/applicability date. This section applies on and after May 1, 2009.