What is Late Fee Calculator?
Amount * Rate.
How it Works
Percentage calc.
Step-by-Step Guide
- 1 Amount
- Owed.
- 2 Rate
- Penalty %.
- 3 Fee
- Total.
Example
Input: $1000, 5%
Result: $50
FAQ
Compounding?
Usually simple interest.
Conclusion
Check usury laws for max rates.