The annualized rate of return is only calculated by converting the current rate of return (daily rate of return, weekly rate of return, monthly rate of return) into annual rate of return, which is a theoretical rate of return, not a real rate of return. Annualized rate of return The annual rate of return converted from the net income per 10,000 fund shares of the Monetary Fund in the past seven days. There are two ways to carry forward money market funds: 1. "Daily dividends are carried forward on a monthly basis", which is equivalent to daily simple interest and monthly compound interest; 2. "Daily dividends are carried forward daily", which is equivalent to daily compound interest.
Interest refers to the remuneration that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital, including deposit interest, loan interest and interest on various bonds. The deposit interest rate shall be uniformly stipulated by the state and promulgated by the People's Bank of China. Interest rate, also called interest rate, is the ratio of interest to principal within a certain date.
If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, the lender has the right to require the borrower to pay interest at the agreed interest rate. However, if the interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, the interest exceeding 36% shall be deemed invalid, and the borrower has the right to request the lender to return the part of the paid interest exceeding the annual interest rate of 36%. Details are as follows:
1, and private lending with an annual interest rate below 24% is protected by law;
2. Private loans with an annual interest rate of more than 36% will be deemed invalid by some courts and will not be protected by the judiciary;
3. The annual interest rate is between 24% and 36%. The debts within this range belong to natural debts. Within this scope, the court has no objection to the parties' voluntary performance of debts. However, if a lawsuit is filed and the court is required to protect the debts within this scope, the court will not protect them.
: The situation about interest is mainly divided into the following situations:
1. If there is no agreed interest, there is no right to claim interest. However, if the repayment period is overdue or not, and the repayment is not made within the reasonable repayment period claimed by the creditor, the creditor may claim the interest on overdue repayment.
2. The agreed interest rate does not exceed 24% per annum, which is protected by law;
3. If the agreed interest rate exceeds the annual interest rate of 36%, the determination of the excess interest is invalid, and the borrower has the right to request the lender to return the interest paid in excess of the annual interest rate of 36%;
4. The annual interest rate is between 24% and 36%, which is protected by law.
5. If interest is deducted from the principal in advance, the people's court shall determine the principal according to the actual loan amount.
6. Unless otherwise agreed by the borrower and the borrower, the borrower may repay the loan in advance and calculate the interest according to the actual loan term. Lending between enterprises for business and production needs is protected. In the past, loans between enterprises were generally considered invalid because they violated national financial supervision. The new "Regulations" make it clear that enterprises need to borrow money from each other for production and operation, which is protected by law.
The loan contract is invalid in five cases:
1. Obtain credit funds from financial institutions and lend them to borrowers at high interest rates, and the borrowers know or should know in advance;
2. Borrowing money from other enterprises or raising funds from employees of the unit is lent to the borrower for profit, and the borrower knows or should know in advance;
3. The lender knows or should know in advance that the borrower is still providing loans for illegal and criminal activities;
4. Violating social public order and good customs;
5. In the last case, other mandatory provisions that violate laws and administrative regulations.