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

Question

1 Approved Answer

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

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 20.5% 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 $186,000 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

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

Public Finance A Contemporary Application Of Theory To Policy

Public Finance A Contemporary Application Of Theory To Policy

Authors: David N. Hyman

5th Edition

0030113172, 978-0030113178

More Books

Students also viewed these Finance questions

Question

★★★★★
Explain what KVA measures.

Answered: 1 week ago

Question

★★★★★
Corby Distilleries Limited is a leading Canadian manufacturer and marketer of spirits and imported wines. Corby's portfolio of owned-brands includes some of the most renowned brands in Canada,...

Answered: 1 week ago

Question

★★★★★
2. How many standard deviations on either side of the mean will be the cutoff points for the B and D grades? A histogram of the grades for an introductory statistics class together with sum- mary...

Answered: 1 week ago

Question

★★★★★
Kotari Inc. found that about 15 percent of its sales during the month were for cash. Kotari has the following accounts receivable payment experience: Percent paid in the month of sale ..........20...

Answered: 1 week ago

Question

★★★★★
Write a polynomial-time verification algorithm for the Hamiltonian Circuits Decision problem. ( list the steps of your verification algorithm and show that it has polynomial time complexity.)

Answered: 1 week ago

Question

★★★★★
John can jog twice as fast as he can walk. He was able to jog the first 5 miles to his grandmother's house, but then he tired and walked the remaining 2 miles. If the total trip took 0.9 hours, then...

Answered: 1 week ago

Question

★★★★★
An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

Answered: 1 week ago

Question

★★★★★
The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Answered: 1 week ago

Question

★★★★★
Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Answered: 1 week ago

Question

★★★★★
Cash flow analysis. Kary Kinnard has an opportunity to open a franchised pizza outlet. He can lease the building, so he needs to invest only in equipment, which he estimates will cost $60,000. For...

Answered: 1 week ago

Question

★★★★★
an. c. Musk does not want to have to meet all the requirements necessary for a public stock offering. Which exemption from the public offering registration requirements of the Securities Act of 1933...

Answered: 1 week ago

Question

★★★★★
What are the advantages and disadvantages of flextime?

Answered: 1 week ago

Question

★★★★★
What could Kathy have done to keep the situation from occurring?

Answered: 1 week ago

Question

★★★★★
How can Seaview improve their benefits communication? Discuss.

Answered: 1 week ago

Previous Question Next Question