Post Judgment Interest Calculation

Summary

Post-judgment interest in California is calculated at 10% per annum from the date the judgment is entered until fully paid. This interest accrues on the total judgment amount, including both punitive and actual damages. For precise calculations, consider consulting a financial advisor or attorney.

Full Conversation

I get $* million punitive award and concentrate actual damages of * million how much extra do I get to charge
In California, post-judgment interest is typically set at *% per year. If you were awarded $* million in punitive damages and $* million in actual damages, your post-judgment interest would be calculated on these amounts. However, calculating exact amount would require specific dates and additional details.
For the sake of argument so I get an idea let's just say they all got paid out on the exact same day and they all started on the same day I just wanna get an idea or let's say let's do it this way the comps and Tori and the actual damages were 30 days * put a 60 days prior to the punitive damages
If the compensatory and actual damages were awarded *, *, and 60 days prior to the punitive damages, the California post-judgment interest rate of *% per annum would apply for each day since the award. The exact calculation would depend on the specific days. Here are the general steps:
- Calculate the daily interest rate (*% annual interest / 365 days).
- Multiply the daily interest rate by the amount of the award.
- Multiply the daily interest by the number of days since the award.
Please consult with a financial advisor or attorney to help with the specific calculations.
I misunderstanding this *% is this *% given on the money that they might pay you immediately but this was the time spent winning the money correct or winning the average
The *% post-judgment interest in California is calculated from the date the judgment was entered until it's fully paid. It's not based on the time spent winning the case. This interest accrues on the total judgment amount, not on payments made.