Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

4.90%

4.84%

4.81%

4.79%

110% AFR

5.39%

5.32%

5.29%

5.26%

120% AFR

5.89%

5.81%

5.77%

5.74%

130% AFR

6.39%

6.29%

6.24%

6.21%

AFR

4.61%

4.56%

4.53%

4.52%

110% AFR

5.08%

5.02%

4.99%

4.97%

120% AFR

5.54%

5.47%

5.43%

5.41%

130% AFR

6.02%

5.93%

5.89%

5.86%

150% AFR

6.96%

6.84%

6.78%

6.74%

175% AFR

8.14%

7.98%

7.90%

7.85%

AFR

4.81%

4.75%

4.72%

4.70%

110% AFR

5.30%

5.23%

5.20%

5.17%

120% AFR

5.78%

5.70%

5.66%

5.63%

130% AFR

6.28%

6.18%

6.13%

6.10%

Adjusted AFR for April 2007

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

3.50%

3.47%

3.46%

3.45%

Mid-term adjusted AFR

3.65%

3.62%

3.60%

3.59%

Long-term adjusted AFR

4.04%

4.00%

3.98%

3.97%

Rates Under Section 382 for April 2007

Adjusted federal long-term rate for the current month

4.04%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months).

4.18%

Appropriate Percentages Under Section 42(b)(2) for April 2007

Appropriate Percentage for the 70% present value low-income housing credit

8.10%

Appropriate Percentage for the 30% present value low-income housing credit

3.47%

Rate Under Section 7520 for April 2007

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

5.6%