Annualize

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This means converting something from a weekly or monthly basis or even a daily basis to a yearly (annual) basis. So if an interest rate is 1 percent a month, on an annualized basis it will be 1% times 12 months, which is 12% a year. Here's another example: If your wages are $400 a week, on an annualized basis your wages are $400 times 52 weeks, which is $20,080.