Legal Articles

Simple versus Compound Interest on Judgments

In Missouri, Section 408.020, RSMo requires that nine-percent (9%) annual interest typically accrues on monetary judgments. Missouri statutes, however, do not specify whether the interest is simple or compound. Based on case precedent, compound interest is generally not allowable on a judgment. Wallemann v. Wallemann, 817 S.W.2d 548, 549 (Mo. Ct. App. 1991). There are two…

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