annualised percentage rate

annualised percentage rate
/ˌænjuəlaɪzd pə'sentɪdʒ reɪt/ noun
a yearly percentage rate, calculated by multiplying the monthly rate by twelve
(NOTE: The annualised percentage rate is not as accurate as the Annual Percentage Rate (APR), which includes fees and other charges.)

Dictionary of banking and finance. 2015.

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