How to calculate the annualized rate

The calculation formula of annualized rate is: annualized rate = annual loan cost ÷ annual loan amount × 100%= daily rate *365= monthly rate * 12.

There is usually an annualized interest rate in loans, that is, the comprehensive cost of the loan is converted into an annual interest rate. When calculating the comprehensive rate, you can first calculate the annual loan cost and then divide it by the annual loan amount, which is the annual loan interest rate.

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