FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.6% for its portfolio

Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.6% 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 $196,000 loan, what is the annual percentage rate you would have to pay for this loan?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money And Capital Markets

Money And Capital Markets

Authors: Peter Rose, Milton Marquis

10th Edition

0077235800, 9780077235802

More Books

Students also viewed these Finance questions

Question

★★★★★
1. What are the benefits that result from implementing the technologies described in the case? How are those different for hospitals, doctors, insurance companies and patients? Provide examples of...

Answered: 1 week ago

Question

★★★★★
Carry out the following arithmetic operations: (a) The sum of the measured values 756, 37.2, 0.83, and 2.5; (b) The product 0.003 2 X 356.3; (c) The product 5.620 X .

Answered: 1 week ago

Question

★★★★★
In the article Liberal or Conservative Oxygen Therapy for Acute Respiratory Distress Syndrome published in the New England Journal of Medicine (Barrot, 2020), the authors reported the summary...

Answered: 1 week ago

Question

★★★★★
1. Schultz argued that even if the corporate veil should be pierced, the $450,000 judgment against him was too much and should be reduced. How might the court have responded to this argument? 2....

Answered: 1 week ago

Question

★★★★★
Explain each of the three Prime Plus Services typically offered by practitioners?

Answered: 1 week ago

Question

★★★★★
British government 4% perpetuities pay 4 interest at the end of each year forever. Another bond, 2.5% perpetuities, pays 2.50 a year forever. a. What is the value of 4% perpetuities if the long-term...

Answered: 1 week ago

Question

★★★★★
Mariana and Deion are collecting information for a marketing class project involving their client, the Humane Society. Neither one of them lives in the city where their university is located, and...

Answered: 1 week ago

Question

★★★★★
6. To ensure that only one eGrants user is reviewing a particular subapplication at any given time, it is necessary to ______. A. check in the subapplication B. reserve the subapplication C. lock the...

Answered: 1 week ago

Question

★★★★★
Clearwater Electronics plans to open a company subsidiary in Dubai, United Arab Emirates. The new office will have several engineering positions to fill and has asked for assistance from the HR...

Answered: 1 week ago

Question

★★★★★
Harry is convinced that a secret government agency is watching him. To protect himself, he sits in his darkened apartment with boarded windows and doors. Which type of schizophrenic delusion does...

Answered: 1 week ago

Question

★★★★★
Which of the following is a tool used to identify team strengths? Option 1: SWOT Analysis Option 2: Planning Poker Option 3: Product Backlog Option 4: Service Level Agreement

Answered: 1 week ago

Question

★★★★★
When undertaking qualitative data analysis why should you start coding your data as soon as possible? a Because you will get short of time when the deadline approaches. b Because it is a fun thing to...

Answered: 1 week ago

Question

★★★★★
What organisational and ethical issues need to be considered if you decide to undertake some form of participant observation? What might be the best way to take this forward?

Answered: 1 week ago

Question

★★★★★
Keeping a chronological record of your ideas and reflections as your research project goes along, to help you develop your analysis is known as: a Research summaries. b Data transcripts. c Research...

Answered: 1 week ago

Previous Question Next Question