What is the annual percentage rate for the loan

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Reference no: EM132039392

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 20.7 % 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 $123,000 loan, what is the annual percentage rate you would have to pay for this loan?

What is the annual percentage rate for the loan?

Reference no: EM132039392

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