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Late payment contractual interest calculator

A breach of contract is usually penalized by interest. It is important to calculate interest correctly. Our calculator can calculate interest on daily, weekly, monthly and annual bases.
Amount of debt
Contractual Interest Rate (%)
Date payment became overdue
The duration of the delay

Calculation

Amount of debt:
CAD 150000.00
Contractual Interest Rate:
30.00%
Date payment became overdue:
2018-04-21
The duration of the delay:
2019-11-15

Interest rate on daily basis

Overdue days:
573
Interest based on daily overdue:
CAD 25785000.00 (17190.00%)

Interest rate on weekly basis

Overdue weeks:
81.86
Interest based on weekly overdue:
CAD 3683700.00 (2455.80%)

Interest rate on monthly basis

Overdue months:
19.10
Interest based on monthly overdue:
CAD 859500.00 (573.00%)

Interest rate on annual basis

Overdue years:
1.59
Interest based on annual overdue:
CAD 71550.00 (47.70%)

Recent calculations