Chapter 15. Question 1.

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 19 8% 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 $135,000 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)