Chapter 3 Time Value of Money
— The interest rate on accumulated arrears that is used in the calculations is the interest rate charged by the state determined to have the charging order. For example, if the order in State A is for $250 per month with a 10% APR on arrears and the order for State B is $300 with a 5% APR, then State B’s interest rate of 5% is applied to ... ................
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