Nation v. W D E Electric Co.

We granted leave in this case to decide whether reduction of future damages to present cash value under MCL 600.6306; MSA 27A.6306 is to be calculated using compound or simple interest. We reverse the decision of the Court of Appeals and hold that simple interest is appropriate under the statute.

*491FACTS AND PROCEDURAL HISTORY

Plaintiff Michael Nation, an independent contractor employed by the W. D. E. Electric Company, was engaged in electrical work at the C. J. Link Lumber Company on June 24, 1992, when he fell from a ladder.1 He sued defendants C. J. Link, Ecolo-Tech, Inc., and W. D. E.…