Finance...

One common interest rate to use is the rate for 20-year U.S. Treasury bills. This is a reasonable interest rate to use for determining what the benefit payments, which will be made in the future, are worth today.

This rate is available on the World Wide Web.

You can find this rate on the web at the following address:

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(If the web address has changed since this was written, search in your search engine for "Federal Reserve Statistical Release," and you should be able to find it.)

When you reach the site, select "H.15, Selected Interest Rates, Daily Update." You will see a list of about 35 interest rates. You want the one labeled, "U.S. Government Securities / Treasury constant maturities / 20-year." This rate is listed toward the bottom of the list.

If you look around the site, you will see rates published for the current day, week, month, and previous months. The rates won't change very much from day to day, or even week to week. Although some older programs used the rate that was a month old, because current rates were not generally available, you should use the most current rate.

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