Interest calculator | Default interest rate (TIM)
Civil and Commercial Code of Argentina, Section 768 c)
This tool is designed to streamline the calculation of the interest accrued in a given period by applying the statistical series of the default interest rate (tasa de intereses moratorios, TIM).
The TIM is calculated based on the average between a deposit and a lending interest rate. The average interest rate used as a basis fluctuates within two bands designed to preserve both the value of debts and the reasonableness of their financial burden.
Upon entering an initial amount and a certain period, the calculator determines the interest, and the resulting total amount after applying the TIM.
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