Calculate daily compounded interest for overdue payments. Ideal for agreements that apply daily compounding or when you want a compounding estimate.
Use daily compounding when your agreement specifies compounding, or when you want to estimate interest with compounding over time. Always verify the correct method and rate for your case.
Method: Total = Amount × (1 + Rate/365)^Days. This is an estimate and may differ from contract/statutory rules.
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Yes. It uses daily compounding based on the annual rate. Some contracts use monthly or other compounding schedules.
No. This tool provides an estimate only.
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