Question: Please show all work on paper or show excel formulas correct answer is marked with an X to help Question 30 Maple Ventures has a
Please show all work on paper or show excel formulas correct answer is marked with an X to help

Question 30 Maple Ventures has a success ratio of 15% with its venture funding. The managers at Maple require a 24% return on their portfolio of lending and the average length of an investment is 6 years. If you are looking to borrow $210,000 from Maple, what is the annual percentage rate you would be required to pay on this loan? 58% 49% 70% 41% 84% (94.7 .15 = 1400006 1400.000(1+.34) 6 = 5089
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