To calculate the Accumulated Interest Amount
(a.k.a. Post Judgment Interest Rate), follow the below instructions.
Determine
the interest rate from the Federal Reserves Interest Rate.
Multiply
the Judgment amount times the Interest Rate Percentage. This
equals the Annual Interest Amount.
Divide
the Annual Interest Amount by 365 days. This equals the Daily
Interest Amount.
Determine
the number of days from the Entered
Date of Judgment to the date that the Writ was prepared. This
equals the Accumulated Days.
Multiply
the Daily Interest Amount by the total days. This equals the
Accumulated Interest Amount, which should match the amount
on the Writ of Execution/Attachment.
Examples of Calculations:
$150,000 (Judgment)
x 2.24% (Interest Rate) = $3360 (Annual Interest Amount)
$3360 (Annual
Interest Amount) / 365 (Days in the Year) = $9.20 (Daily Interest
Amount)
February 1,
2004 (Entered Date of Judgment) to February 18, 2005 (Date
Writ prepared) = 382 days (Accumulate Days)
$9.20 (Daily
Interest Rate) x 382 (Accumulated Days) = $3514.44 (Accumulated
Interest Amount)

