RHOL.COM
Rental Housing On Line
The Internet's comprehensive rental property location
 
Home  Join Now Contact Us 1st Time User Contents Why Join About Us Love Letters
Tenants Screening Landlord Training Public Forums Rental Listings Property Listings Forms & Agreements RHOL Home

Calculating Accrued Judgment Interest

Example:

Assume
    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

 

Back        

 

Contents
Pre-course Quiz
Prevent Collections
Background
Lesson 1
Lesson 2
Lesson 3
Lesson 4
Lesson 5
Lesson 6

Conclusion
Final Quiz

 

Collection
e-course
resources

Calculating Judgments
Fair Debt Collection Act
Law Sources
Memorandum of Costs
Motor Vehicle Records
State Web Sites
Tracing & Tracking


 

 

 

 

 

 

Join RHOL  Forms Vacancy Listings e-Courses Related Websites Member Support
If you need more information, post your question and watch for an answer.
Copyright © 1994 -2005, Rental Housing On Line is a trademark of RHOL.COM
Legal Notices
Affiliated webs include: Rental Housing On Line ; Landlords Web ; Tenants Web ; Property Managers Web ; Real Estate Investors Web ; RHOL Credit Web ; Vacancy Listing Web ; Tenant Finder ; Rental Housing Forms ; Haves & Wants ; Rental Housing Help ; LandlordTenant Help ; Rental Inspections ; Invest Web