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Sunday, August 04, 2024 8:56:37 PM
The payment that was due on May 1, 2024 has not been made so interest continues to accumulate at the rate of 8% per annum on the first $ 1,500 and $ 18% per annum on any amount over $ 1.500.
A payment was due on August 1, 2024. There is a statutory 10 day grace period but if the amount is not paid by the 10th day, the interest is calculated starting on the day after the original due date, so August 2.
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