Effective 04/24/90
| Terms: | $10,000, due in 30 days |
| Facts: | Paid on the 60th day after receipt. |
| Days Interest Penalty: | 30 |
| Interest Computation: | $10,000 x 7% x 30/360 = $58.33 Interest Penalty |
NOTE: The 7% interest rate used above is for illustrative purposes only. The current "Renegotiation Board Interest Rate" should be used in actual cases.