Benefits Application

Annual Interest Rate Calculator

This calculator is meant to provide calculation assistance to determine the amount of interest owed to an injured worker on any past due benefits.

Name:

*Bi-Weekly benefit amount that should have been paid:

Enter bi-weekly amount owed.

*Bi-weekly amount that has been paid:

Enter actual bi-weekly paid.

*Beginning date of unpaid benefits:

*Ending date of unpaid benefits:

*Date benefits were or will be paid:

Annual Interest rate:

Current statutory rate is 8%.

Number of days benefits are due:

Number of days benefit not paid when due:

Total bi-weekly benefits accrued through:

Total interest accrued through:

Total benefits and interest accrued:

Daily interest after: