How would you calculate interest on a civil complaint settled
in mediation,is it compounded(daily,monthly,or annualy)?
How does that work?How is interest calculated in civil cases ?
It will depend on the laws of your state and often your state's Supreme Court Rules which govern civil procedure. Presuming that the matter was reduced to a judgment after mediation, the judgment rate will vary. Check with an attorney or a clerk of a court in your state. The Clerk of the court's office can tell you what the current interest rate is and if its compounded or simple interest.
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