2, annualized interest of 7.2 can also be understood in this way. One year 12 months. The total interest of 12 months is 7.2, that is, the monthly interest is 7.2/ 12 = 0.6, that is, 0.6%. That is, 100 yuan, with interest of 0.6 yuan.
3. Deposit 10000 with annualized interest of 7.2. The monthly interest rate is10000 * (7.2/12)% = 60 yuan, that is, the annual interest rate is 12*60=720 yuan.
4. Conversion formula of annual interest rate, monthly interest rate and daily interest rate: monthly interest rate = annual interest rate/12, annual interest rate = monthly interest rate * 12.
5. The annual interest rate is expressed as a percentage of the principal (%), and the monthly interest rate is expressed as a percentage (‰). For example, the annual interest rate is 7.05%, which translates into a monthly interest rate of 7.05%/ 12=5.875‰.
: 1. What is the annualized interest rate?
Annualized interest rate refers to the interest rate discounted to the whole year through the inherent rate of return of products.
Assuming that the return period of a wealth management product is one year and the yield is B, then the annualized interest rate R, R = (1+b) A- 1.
1. Finance refers to economic activities such as the issuance, circulation and withdrawal of money, the issuance and recovery of loans, the deposit and withdrawal, and exchange transactions. The essence of finance is value circulation. There are many kinds of financial products, including banks, securities, insurance, trusts and so on.
2. Finance involves a wide range of academic fields, including accounting, finance, investment, banking, securities, insurance, trust and so on. Financial futures is a kind of futures trading. Futures trading refers to the trading of standardized futures contracts in a centralized trading market by open bidding. Futures contract is the object or subject matter of futures trading, which is uniformly formulated by the futures exchange and stipulates a standardized contract to deliver a certain quantity and quality of goods at a specific time and place. The basic tools of financial futures contracts are various financial instruments (or financial variables), such as foreign exchange, bonds, stocks and price indexes. In other words, financial futures are futures trading based on financial instruments (or financial variables).
Two: What is interest?
Interest is the cost of using money in a certain period of time. Refers to the monetary or monetary fund paid by the monetary holder (creditor) from the borrower (debtor). Including deposit interest, loan interest and various bond interest. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.