What is the execution interest rate of 5.6%?

Ten thousand dollars, 560 a year.

The annual interest rate of 5.6% means that the annual interest rate of the loan is 5.6%. For example, if the loan is 10000 yuan, the loan term is one year, the total interest generated in the whole year is 10000 * 5.6% * 1 = 560 yuan, and the implementation interest rate of 5.6% means the annual interest rate is 5.6%.

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