Fisk v. Lee

Interest—Computation—Interest on Compound Interest.—Where defendant, in California, executed her promissory notes payable in thirty days, with interest thereon at the rate of four per cent a month, interest to be paid monthly in advance, and, if not so paid, to become a part of the principal, and bear thereafter the same rate of interest, compounding monthly in advance, the court may properly, in calculating the interest due to plaintiff, allow interest on compound interest, or “interest on interest on interest.”