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Ben Kim Investors ( BKI ) has a success ratio of 1 8 % with its venture funding. Their owners require a rate of return

Ben Kim Investors (BKI) has a success ratio of 18% with its venture funding. Their owners require a rate of return of 30% for their portfolio of lending, and the average length on each loan is 6 years. If you were to apply to BKI for a $350,000 loan, what is the annual percentage rate you would be required to pay for this loan?

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