0
Does new jersey allow interest to be added to uncollected child support?
Barbarasolasky
In the state of New Jersey past due child support or arrears cannot collect interest. There are many other severe consequences for not paying child support such as: additional court fees, collection and seizure of other accounts, and even arrest.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is earning interest on interest?
Compound interest. This is where you work out the interest on a number, then work out the interest on top of the number with the interest added.
Is simple or compound interest faster?
Calculation of simple interest is faster in comparison to compound interest. In the latter, interest is added up with the principal amount and interest is charged on that added amount in the next period calculation.
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
When was New Jersey added to US?
December 18, 1787 is when New Jersey became a state.
How is simple interested calculated differently from coupounded interest?
With compound interest the interest amount is added to the principle and then earns interest as well. This is usually expressed as an annual percentage rate (APR). Simple interest is not added to the principle and does not earn further interest and is used rarely.
When accumulated interest is added to the initial principle?
Compound Interest (study island)
Difference between simple and compound interest?
Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.
What is compound interest semiannually?
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
Do teenagers have to be added to their parents' policy to be allowed to drive in New Jersey?
In the state of New Jersey once the child obtains a valid driving permit they must be added to their parents policy.
What is the terminology of compounding interest?
The terminology of compounding interest means adding interest to the interest that one already has on an account. The interest could be added to a bank account or to a loan.
How many times interest be added to the principal in one year if the interest is compounded annually?
"Compounded annually" means that the interest is added once a year.
Can interest be added to late rent if not stated in lease?
No interest should only be charged if you are in a mortgage.
