【中文版】

年化收益率是指投资期限为一年所获得的收益率。它是投资者评估投资回报率的重要指标之一，可以帮助投资者比较不同投资产品的收益水平。

年化收益率的计算方法是将非一年期的投资回报率转化为年化收益率，即根据投资期限和获得的收益计算出一年内的收益率。例如，如果一项投资在三个月内回报率为5%，则年化收益率可以通过将这个回报率乘以4来计算。

年化收益率的意义在于，它可以使不同投资期限和收益水平的投资产品的收益进行比较。例如，一个三年期的债券和一个一年期的存款，它们的年化收益率可以进行比较，从而投资者可以更全面地了解不同产品的收益情况。

但是需要注意的是，年化收益率只是评估投资产品收益的一个指标，它不能完全反映投资产品的风险水平。投资者在选择投资产品时，还需要综合考虑其他因素，如投资风险、资金流动性等。

总之，年化收益率是评估投资产品收益的重要指标之一，它可以帮助投资者比较不同投资产品的收益水平，但并不能完全反映投资产品的风险水平。

【英文版】

Annualized return rate refers to the rate of return obtained for an investment period of one year. It is one of the important indicators for investors to evaluate investment returns, which can help investors compare the level of returns of different investment products.

The calculation method of annualized return rate is to convert non-annual investment returns into annualized return rate, i.e., calculate the return rate within one year according to the investment period and the obtained returns. For example, if an investment has a return rate of 5% within three months, the annualized return rate can be calculated by multiplying this return rate by 4.

The significance of annualized return rate lies in that it can compare the returns of different investment products with different investment periods and returns levels. For example, a three-year bond and a one-year deposit can be compared by their annualized return rates, so that investors can have a more comprehensive understanding of the returns of different products.

However, it should be noted that annualized return rate is only one indicator to evaluate the returns of investment products. It cannot fully reflect the risk level of investment products. Investors need to consider other factors, such as investment risks, liquidity, etc., when choosing investment products.

In summary, annualized return rate is one of the important indicators to evaluate the returns of investment products, which can help investors compare the level of returns of different investment products, but it cannot fully reflect the risk level of investment products.