Is interest for a late payment compounded?

BuiltIntelligence · 10 October 2012 19:55

BuiltIntelligence · 10 October 2012 19:55

Yes, for payments which are over a year late, interest is compounded. For payments less than one year late, the interest applied is the annual base rate (see Clause 51.4).

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Is interest for a late payment compounded?

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