computing interest - Landlord Forum thread

computing interest by Anonymous (iowa) on July 23, 2012 @17:32

I got a judgement for 923.47 w/ an interest rate of 2.19%.
Anybody know how I compute this?

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Re: computing interest by Eric (MN) on July 23, 2012 @18:11	[ Reply ]

Simple or compounding interest? Simple interest is [923.47 * (.0219/12) number of months]

Re: computing interest by Anonymous on July 23, 2012 @20:35	[ Reply ]

You are entitled to .18% interest on the $923.47 for every month the judgement is deliquent. Multiply these two together and that will be your monthly interest.