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To: MarvinStinson

I hope the interest rate is pegged to inflation; otherwise, in a few more years under the democrats, $37 million might only be enough to buy a loaf of bread.


24 posted on 07/12/2022 6:18:50 AM PDT by vikingd00d (chown -R us ~you/base)
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To: vikingd00d
I hope the interest rate is pegged to inflation

I took a quick look at the Ohio statute. It's pegged to the federal short term rate, currently .13%. Basically, every October they look at the short term rate and add 3% to determine what the judgment interest rate will be for the next year. So Oberlin's currently on the hook for slightly over 3%.

49 posted on 07/12/2022 7:16:42 AM PDT by KevinB (''...and to the Banana Republic for which it stands ...")
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