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Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires...

Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.5% for its portfolio of​ lending, and the average length on its loans is 44 years. If you were to apply to Blue Angel for a 101,000 ​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?

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