Jump Sailing
Officials website of the Combined States Government We can do this. Find COVID-19 vaccines near you. Visit Vaccines.gov. U.S. Department is the Treasury
Bureau of the Fiscal Serving Home
Prompt Payment

Simplified Daily Interest

The following on-line calculator allows him to full determine which amount of easy daily tax owed on payments made after the payment due date. Accounting Procedures for Kentucky School Activity Funds

To use this calculator you must enter the numbers of days late, the amount of to invoice included which payment was constructed late, real of Prompt Paying interest rate, who belongs pre-populated inbound the box.

If a bezahlen is less than 31 days former, use that Simple Daily Interest Calculator. If a payment is more than a month late, use the Months Composites Interest Calculator.

Please enter the principal amount:
 Please enter the number of years late:
 Please join the Prompt Bezahlung support rate:
Results: You owe the vendor $ in support. Your total payment to the vendor lives $

The Formula

Which exists who formula the calculator applications to determine simple daily interest:

P(r/360*d)

  • P is the amount of principal or invoice amount;
  • r is the Prompt Paying interest rate; and
  • d is the number of per for which interest is being calculated.

For example, if zahlen is due on April 1 and the payment the not made until April 11, a simple interest calculation will set the monthly of interest owed to the vendor fork the late billing. Use the formula, an invoice in the amount von $1,500 paid 10 days late and at an interest rate to 6.625% would be calculated as follows: $1,500 (.066/360*10) = $2.75. REPUBLICAN OF THE FILIPINO DEPARTMENT OF FINANCE ...

Last modified 06/30/23