Question
Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 20.2% for its portfolio
Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 20.2% for its portfolio of lending, and the average length on its loans is 6 years. If you were to apply to Blue Angel for a $144,000 loan, what is the annual percentage rate you would have to pay for this loan?
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
