Weekly Payments Interest Calculator :: Carpenter McCadden & Lane, LLP

Weekly Payments Interest Calculator

Click here for the Principal Amount Interest Calculator
Form For The Calculation of Interest At 10% Up to the End of the Period Of Weekly Payments at Compound and Simple Interest

Date of the First Day of Periodic Payments
Date of the First Day Following The Last Day of Periodic Payments
Amount Per Week

Number of Total Days in Payments Period
Number of Whole Weeks in Payments Period
Number of Days in the Final Partial Week of Payments Period

COMPOUND INTEREST CALCULATION AT 10%
Compound Interest Accrued up to End of Payments Period	$
Total Weekly Payments	$
Weekly Payments plus Accrued Compound Interest Up to End of Periodic Payments Period	$

SIMPLE INTEREST CALCULATION AT 10% *
Simple Interest Accrued up to End of Payments Period	$
Total Weekly Payments	$
Weekly Payments plus Accrued Simple Interest Up to End of Periodic Payments Period	$

* Note: A constant rate of simple interest implies a decreasing effective rate of interest for periods over one year.

This form assumes that interest accrues from the end of the first week through to the end of the payments period. If this assumption is inappropriate for your calculation, please consult another source.

Disclaimer: The appropriate formula for the calculation of statutory interest in accordance with Section 406.1(a) of the Pennsylvania Workers' Compensation Act has not yet been judicially determined with certainty. This calculator provides for two methods to calculate interest, but neither of these methods may ultimately be methods approved by the Court.