Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 19.5% 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 $139,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? 1% (Round to four decimal places.) 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 19.5% 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 $139,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? 1% (Round to four decimal places.)

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

Step: 3

blur-text-image

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

Financial Management Core Concepts

Authors: Raymond Brooks

3rd Edition

0133866742, 9780133866742

More Books

Students also viewed these Finance questions

Question

8. Explain how to price managerial and professional jobs.

Answered: 1 week ago

Question

1. What is the difference between exempt and nonexempt jobs?

Answered: 1 week ago