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Homework: Chapter 15 Homework Save Score: 0 of 1 pt 1 of 10 (3 complete) HW Score: 10%, 1 of 10 pt X P15-1 (similar
Homework: Chapter 15 Homework Save Score: 0 of 1 pt 1 of 10 (3 complete) HW Score: 10%, 1 of 10 pt X P15-1 (similar to) Question Help 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 21.3% for its portfolio of lending, and the average length on its loans is 4 years. If you were to apply to Blue Angel for a $192.000 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) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check
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