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Calculating Accrued Judgment Interest


    Judgment Principal        $2,500.00
    Rate of Interest Awarded    9.0%
    Date Interest Awarded    2/15/98
    Return Date    7/18/00

Multiply the rate of interest awarded at judgment and the amount of the judgment principal to compute the amount of interest per year.

    $2,500 X .09 = $225.00

Divide the annual interest by 12 to compute the monthly interest.

    $225.00/12 = $18.75

Multiply the monthly interest by the total number of months from the award date to the return date to compute the total interest. due.

    $18.75 X 29 = $543.75




Pre-course Quiz
Prevent Collections
Lesson 1
Lesson 2
Lesson 3
Lesson 4
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Lesson 6

Final Quiz



Calculating Judgments
Fair Debt Collection Act
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Memorandum of Costs
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State Web Sites
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