Hidden interest and hidden gems

By David J. Cook

2021 January

Looking for the secrets of pre- and post-judgment interest? All you need is a $26.99 printing calculator. We start with Code of Civil Procedure section 685.010, subdivision (a), which sets the rate of interest for judgments at 10% per annum and section 685.020, subdivision (a), which commences 10% interest on the date of entry of the judgment. This article offers the curlicues of compounding interest, interest in excess of usury, and hidden interest.

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