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Late Payment Calculator

Available to assist agencies in calculating an interest charge owed to a supplier for the calendar years 2015 and later.

lpc-billing-received-date-description
lpc-check-date-description
lpc-supplier-payment-period-description
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Interest Rate defined by Ohio Revised Code 5703.47 
2019-12-05 Prompt Payment Late Interest Rate For Calendar Year-2020
Monthly Compounding Interest Formula 
Interest Rate for Payments less than 30 days overdue