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This calculator determines "substantially equal periodic payments" based upon three methods described by the IRS, using the values you enter above. You are responsible for the accuracy and appropriateness of the values you enter. Please note that the IRS has not specified a "reasonable interest rate" for this purpose. However, it has approved the use of a variety of rates by individual taxpayers under various circumstances, including rates equal to 120 percent of either the federal mid-term rate or long-term applicable federal rate. The "projected growth rate" you enter will be used only for purposes of illustrating hypothetical account values throughout the payment period.