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

image text in transcribed
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 6 years. If you were to apply to Blue Angel for a $199,000 loan, what is the annual percentage rate you would have to pay for this loan? 1. What is the annual percentage rate for the loan? % (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

Health Care Finance Basic Tools For Nonfinancial Managers

Health Care Finance Basic Tools For Nonfinancial Managers

Authors: Judith Baker

2nd Edition

0763726605, 9780763726607

More Books

Students also viewed these Finance questions

Question

★★★★★
Statistics Canada reported that at the end of the first quarter of 2011, the federal governments debt was $550 billion. During that quarter, the government received $59 billion in revenue and spent...

Answered: 1 week ago

Question

★★★★★
Classified balance sheet OBJ. 2 The following accounts appear in an adjusted trial balance of Kangaroo Consulting. Indicate whether each account would be reported in the (a) current asset; (b)...

Answered: 1 week ago

Question

★★★★★
What are the eight types of intelligence? (p. 65)

Answered: 1 week ago

Question

★★★★★
On the last day of October, Wicker Company borrows $120,000 on a bank note for 60 days at 11 percent interest. Interest is not included in the face amount. Prepare the following entries in journal...

Answered: 1 week ago

Question

★★★★★
On January 1, 2021, the Blue Devil Corporation issued $80,000 of five-year bonds. The bonds carried a stated annual interest rate of 5 percent, with interest payable semiannually on June 30 and...

Answered: 1 week ago

Question

★★★★★
1. (1) Discuss the ways in which audits of computer-based information systems might affect information systems organisation, system development activities, computer operations, files, and other...

Answered: 1 week ago

Question

★★★★★
These tables provide the output from a multiple regression analysis looking at the impact of number of internet ads and product attractiveness on online laptop sales. How much of the variation in...

Answered: 1 week ago

Question

★★★★★
Identify the type of sampling that is used in this statement: The library, interested in the opinions of its patrons, surveys every 5th person who comes to the library over several days. Question 10...

Answered: 1 week ago

Question

★★★★★
5. Consider this figure below, which shows a 1D, single-phase, steady state flow taking place in homogeneous, porous medium. Use the diffusivity equation below and with the boundary conditions to...

Answered: 1 week ago

Question

★★★★★
Frank Catton, the general manager of Billybob's floating raft hotel and casino in Tunica Mississippi, has installed the "The Wheel of Doughnuts" at the hotel check in desk. When someone checks in...

Answered: 1 week ago

Question

★★★★★
Answer in C language is required. Task 1. Your task is to add required socket API calls TCP and UDP server & client. After that, compile and run both server & client and understand the code. Task 2....

Answered: 1 week ago

Question

★★★★★
OUTCOME 4 Discuss recent trends in retirement policies and programs and the major factors involved in managing pension plans.

Answered: 1 week ago

Question

★★★★★
OUTCOME 1 Explain the different regimes that govern the employment relationship and the rules that apply to employment contracts.

Answered: 1 week ago

Question

★★★★★
2. Learn about the safety programs at your institution. In what ways do you think they might be similar to safety programs in the workplace? In what ways might they be different?

Answered: 1 week ago

Previous Question Next Question