ما هو سعر الفائدة السنوي على الإقراض؟

Could you please clarify what is meant by the term "annualized lending interest rate"? I'm interested in understanding how this concept is calculated and how it differs from other types of interest rates. Could you also explain how it impacts borrowers and lenders in financial transactions? Additionally, are there any specific factors that determine the annualized lending interest rate? Thank you for your assistance in clarifying this topic.