You take out a loan at an annual percentage rate (APR) of 14.02% with daily compounding. then the real effective annual rate (EFF) on you loan should be
an annual percentage rate (APR) 年百分比率，the real effective annual rate (EFF) 有效年利率。
Effective annual rate (EAR), is also called the effective annual interest rate or the annual equivalent rate (AER).
Where r = R/100 and i = I/100,r and i are interest rates in decimal form.m is the number of compounding periods per year,The effective annual rate is the actual interest rate for a year.