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Wenture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.7% for its portfolio of lending, and the average length on its loans is 5 years. If you were to apply to Blue Angel for a $108,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? % (Round to four decimal places.) ***

Wenture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.7% for its portfolio of lending, and the average length on its loans is 5 years. If you were to apply to Blue Angel for a $108,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? % (Round to four decimal places.) ***

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.7% for its portfolio of lending, and the average length on its loans is 5 years. If you were to apply to Blue Angel for a $108,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? % (Round to four decimal places.)
Transcribed Image Text:Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.7% for its portfolio of lending, and the average length on its loans is 5 years. If you were to apply to Blue Angel for a $108,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? % (Round to four decimal places.)
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