NJ Rev Stat § 54:5-71 - Interest Computed

Section 5-71 - Interest Computed
Section 5-70 - Final Payment; Amount IncludedSection 5-72 - Duplicate Receipts; Inspection

The resolution may provide that in making calculation of interest, it may be compounded annually, and that fractions of a month may be disregarded by the collector in giving credit in the computation of interest for payments made at irregular dates.

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