Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

5.00%

4.94%

4.91%

4.89%

110% AFR

5.50%

5.43%

5.39%

5.37%

120% AFR

6.02%

5.93%

5.89%

5.86%

130% AFR

6.52%

6.42%

6.37%

6.34%

AFR

5.09%

5.03%

5.00%

4.98%

110% AFR

5.61%

5.53%

5.49%

5.47%

120% AFR

6.13%

6.04%

6.00%

5.97%

130% AFR

6.65%

6.54%

6.49%

6.45%

150% AFR

7.69%

7.55%

7.48%

7.43%

175% AFR

8.99%

8.80%

8.71%

8.64%

AFR

5.31%

5.24%

5.21%

5.18%

110% AFR

5.84%

5.76%

5.72%

5.69%

120% AFR

6.39%

6.29%

6.24%

6.21%

130% AFR

6.93%

6.81%

6.75%

6.72%

Adjusted AFR for August 2007

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

3.75%

3.72%

3.70%

3.69%

Mid-term adjusted AFR

3.97%

3.93%

3.91%

3.90%

Long-term adjusted AFR

4.50%

4.45%

4.43%

4.41%

Rates Under Section 382 for August 2007

Adjusted federal long-term rate for the current month

4.50%

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).

4.50%

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

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

8.21%

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

3.52%

Rate Under Section 7520 for August 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

6.2%