I'm about to pay my ex a lump sum payment to buy her out of our business as part of our divorce settlement. The wording in the agreement says the amount is subject to "statutory interest". In researching this, my understanding is that that rate is the average t-bill rate from the previous year plus four percent. That number is set by the state treasurer on the first business day of January each year.

Can anyone tell me what that number was for 2009 and 2010 and where I might access that information? Any help would be greatly appreciated.

5.5

5.5

And that info came from where? Sources would be nice so he can have some documentation.

http://www.oscn.net/applications/oscn/index.asp?ftdb=STOKIN&level=1

Here

And in 2009 and 2010 it was 5.25%

Excellent info and link Yukong...exactly what I was looking for

Thank you very much