Updated October 28, 2016. Exterior walls can be finished with a wide array of materials and techniques. Exterior wall finishes can produce significant savings for the contractor as well as for the building occupant and there are many options that will protect you from fire, heat, snow and that can save some money to you.
When Is Penalty Interest Payable? Penalty interest is payable when money is due, but is not paid by the due date. This means that late payment of deposit or late payment of the balance of the purchase price at settlement will usually give rise to an obligation to pay penalty interest.
In five years, you would have a minimum of $12.500 in interest (and that is without calculating interest on the penalties). That is $36,250 of interest and penalties on $50,000 of tax after five years. (Please note these numbers are for illustration only â you get the idea.)