|
Years of Deferral**
|
Interest Factor Per Annum, Compounded Annually
|
|
Years of Deferral**
|
Interest Factor Per Annum, Compounded Annually
|
|
At Least
|
But Less Than
|
At Least
|
But Less Than
|
|
|
1
|
1.000
|
19
|
20
|
2.265
|
|
|
2
|
1.058
|
20
|
21
|
2.340
|
|
2
|
3
|
1.118
|
21
|
22
|
2.515
|
|
3
|
4
|
1.183
|
22
|
23
|
2.640
|
|
4
|
5
|
1.251
|
23
|
24
|
2.777
|
|
5
|
6
|
1.323
|
24
|
25
|
2.920
|
|
6
|
7
|
1.399
|
25
|
26
|
3.062
|
|
7
|
8
|
1.479
|
26
|
27
|
3.218
|
|
8
|
9
|
1.564
|
27
|
28
|
3.375
|
|
9
|
10
|
1.654
|
28
|
29
|
3.531
|
|
10
|
11
|
1.749
|
29
|
30
|
3.703
|
|
11
|
12
|
1.850
|
30
|
31
|
3.888
|
|
12
|
13
|
1.956
|
31
|
32
|
4.074
|
|
13
|
14
|
2.068
|
32
|
33
|
4.277
|
|
14
|
15
|
2.187
|
33
|
34
|
4.481
|
|
15
|
16
|
2.313
|
34
|
35
|
4.703
|
|
16
|
17
|
2.446
|
35
|
36
|
4.925
|
|
17
|
18
|
2.587
|
36
|
37
|
5.178
|
|
18
|
19
|
2.736
|
37
|
38
|
5.418
|
|
|
|
38
|
39
|
5.690
|
|
|
|
|
39
|
40
|
5.963
|
* New York and New Jersey are the two states known at this time to require different interest factors for deferred gift annuities with longer deferral periods.
** For the interest factors shown in this schedule, the "Years of Deferral" is the number of years from the date of issue of the agreement to the annuity starting date, and the annuity starting date is assumed to be the date six months before the first payment is scheduled to be made.
New York and New Jersey assume a significantly lower interest rate for annuities with a deferral period of more than twenty years from the date of issue to the first payment. That is why the interest factor in the schedule suddenly drops after a certain deferral period.
Interest factors in the first column are the same as for other states.
|
