Which of these statements does not describe a venture capitalist?

Select one:

a firm that pools investment funds that it invests in a portfolio of start-up businesses

expects investments to have a finite term and a viable end take-out or exit strategy

is a passive investor

provides start-ups with business expertise and industry contacts

Question 40

Question text

what is the effective annual rate of interest when the APR is 6% and interest compounds monthly?

Select one:

6.17%

6.12%

6.23%

6.00%