"Annual interest" refers to the amount of money earned or charged on a loan or investment over the course of one year. It represents the percentage rate that is added to or earned on the principal amount annually.
Learning how to calculate your monthly payment for a loan is as simple and straightforward as entering in the inputs of annual interest rate, number of monthly payments, and the loan amount. (calculatorpro.com)
They are not regulated in the same way banks and credit unions are and they charge outrageous interest rates, sometimes upwards of 400 percent in annual interest rates. (tribunact.com)
In this example, the investor receives $ 60 in annual interest payments for 10 years. (investopedia.com)