Best Answer

32500 is 325 "hundreds" so 7 times that ie 2275 is your annual interest.

User Avatar

Wiki User

2010-04-17 17:13:30
This answer is:
User Avatar
Study guides

Who was the father of rationalism

What is discretionary spending within a budget

What provides a bank with collateral on a car loan

Which is one way that credit cards differ from debit cards

See all cards
17 Reviews

Add your answer:

Earn +20 pts
Q: What is the yearly interest payment on a 32500 loan having an interest rate of 7 percent calculate as simple interest?
Write your answer...
Still have questions?
magnify glass
Related questions

Calculate the PV of a bond having 5 years to maturity a face value of 2000 annual payment of 50 and a market interest rate of 5 percent?

PV = $1,783.53 =PV(5%,5,50,2000,0) PV( interest_rate, number_payments, payment, FV, Type )

How do you Figure out a payment on a loan?

Loan payment is a function of the following: Number of periods the loan will be payed (e.g. 36 months) Interest rate per period The loan amount After having all of this use excel PMT function to calculate the payment

What are the risks of having a high interest rate?

Having a high interest rate greatly affects the account it belongs to. It will add up to high finance charges which will increase the balance, increase the monthly payment, and lower the amount of the payment that applies to the principle.

How do you calculate the benefits of payment terms?

The benefit of payment terms are considered cash flows. A price increase can offset the cost of having an account opened for extended periods of time.

Which Tradable NCD is having more than 10 percent Interest?

shriram transport , tata capital and L&T Finance ncds

How do you calculate student loans?

If you can, pay interest during your grace period or periods of deferment/forbearance to avoid having interest capitalized (added to your principal) on unsubsidized loans, PLUS loans, and subsidized loans that have lost interest subsidy. Outstanding Balance1: $26,830 Interest Rate: 6.8 %

What are the benefits of having a bimonthly mortgage payment?

Actually, there several benefits of having a bimonthly mortgage payment. One of the benefits is for example the faster pay-off of the loan. Another benefit would be less total payments for the loan - mainly because of less interest payments due to the faster pay-off.

How difficult is it to get mortgage loans with bad credit?

It is not the difficulty of attaining a loan, but attaining a loan with a reasonable interest rate or down payment requirement. After events such as filing for bankruptcy or having bad credit, people giving out loans may require as much as 25-30% of the loan in a down payment with extremely high interest rates.

What is multilateral payment system of IMF?

Having many side of systems of payment

What are the advantages of wholly owned subsidiaries?

A big difference is not having to calculate a minority interest or worry about needing to revert to other shareholders on key business decisions

Is there payment for having a world record?


Interest on old taxes?

Will be collected. Penalty may be abated. You had the money, you had the benefit, you will pay the interest you should have made on having it. The amount or percent is set in a schedule that changes every so often. Interest becomes tax and the government has the same power to collect it as it does a tax.

People also asked