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Maple Ventures has a success ratio of 15% with its venture funding the managers at Maple require a 23 return on their portfol
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Answer #1

Loan amount = $210,000 / 15% = $1,400,000

FV = PV * (1+r)^n
= $1,400,000 * (1 + 23%)^4
= $3,204,412.97

Annual percentage rate = (FV / loan)^(1/n) - 1
= ($3,204,412.97 / $210,000)^(1/4) - 1
= 98%

Annual percentage rate = 98%

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