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This article is about Payment Plans with the LawPay Integration.

How do I Convert Monthly Interest to Annual?

Objective:

  • How do I convert what I want to charge monthly in interest to annual interest for my payment profile?

Environment:

  • Clio Manage

Additional Information:

If you would like to update a payment plan follow the steps in this article: How To Edit A Payment Plan.

Answer:

Multiply the monthly interest by 12 to get the annual interest. 

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