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The answer depends on what rate you're referring to. Precipitation? Birth? Death? Bird Migration? What?

Q: What does annual rate means?

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The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.

Annual Interest Rate divided by 12= Monthly Interest Rate

I suspect that it will be 6.3!

22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?

If not compounded monthly, a monthly interest rate is simply 1/12 of the annual rate. Things do get complicated, though if the interest is compounded monthly. An annual interest rate of R% is equivalent to a monthly rate of 100*[(1 + R/100)^(1/12) - 1] %

Related questions

Annual Percentage Yield. It means expresses an annual rate of interest taking into account the effect of compounding . It is always greater than or equal to the Annual Percentage Rate [APR]

Annual Percentage Rate (APR)

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The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.

Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest

Annual Interest Rate divided by 12= Monthly Interest Rate

Find the annual amount of FICA at a 7.51% rate by computing his annual salary

I suspect that it will be 6.3!

A measure of the cost of credit expressed as a yearly interest rate.

annual growth rate is the average of how much a country grows per year

The annual percentage rate may vary but it can be increased to an 18% APR.

The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.